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2014-07-29 08:25:40

WEST CHESTER, Ohio, July 29, 2014 /PRNewswire/ -- AK Steel (NYSE: AKS) today reported its financial results for the second quarter of 2014. 2nd Quarter 2014 Performance Summary -- Shipments of 1,397,500 tons -- Sales of $1.53 billion with an average selling price of $1,095 per ton -- Net after-tax loss of $17.1 million, or $0.13 per diluted share -- Adjusted net income of $2.9 million, or $0.02 per diluted share -- Adjusted EBITDA of $64.5 million -- Ended 2nd...

2014-07-25 12:22:42

WEST CHESTER, Ohio, July 25, 2014 /PRNewswire/ -- AK Steel (NYSE: AKS) said today that Sheri H. Edison has been elected to its Board of Directors, effective August 1, 2014. Ms. Edison currently is Vice President, General Counsel and Secretary of Bemis Company, Inc. In this capacity, she is responsible for all global legal operations of Bemis Company, as well as information technology, enterprise risk management and global compliance. Ms. Edison came to Bemis Company from...

2014-07-21 04:20:43

WEST CHESTER, Ohio, July 21, 2014 /PRNewswire/ -- AK Steel (NYSE: AKS) said today that it has signed an agreement to acquire Severstal North America's integrated steelmaking assets located in Dearborn, Michigan for $700 million in cash. The acquisition also includes a cokemaking facility and interests in three joint ventures that process flat-rolled steel products. Summary of Benefits: -- Increased scale enhances company's ability to better serve customers -- Highly modernized...

2014-06-24 16:22:32

WEST CHESTER, Ohio, June 24, 2014 /PRNewswire/ -- AK Steel (NYSE: AKS) said today that it will increase base prices for all of its stainless steel products, effective with shipments on July 6, 2014. AK Steel said that all automotive grades will be increased by $40 per ton, and that all non-automotive grades will be increased by $200 to $300 per ton, depending on the product. Surcharges for the broad range of stainless steel products that AK Steel produces will remain in effect, and...

2014-06-19 16:23:03

WEST CHESTER, Ohio, June 19, 2014 /PRNewswire/ -- AK Steel (NYSE: AKS) today provided guidance for its second quarter 2014 financial results. AK Steel said it expects to report a net loss of $0.19 to $0.23 per diluted share of common stock, which is a substantial improvement over its first quarter results. Adjusted to exclude the loss of $0.17 per diluted share for mark-to-market losses on derivatives discussed below, the company's adjusted net loss for the second quarter would be...

2014-06-11 16:22:31

WEST CHESTER, Ohio, June 11, 2014 /PRNewswire/ -- AK Steel (NYSE: AKS) said today that it plans to release its second quarter 2014 financial results before the opening of trading on the New York Stock Exchange on Tuesday, July 29, 2014. AK Steel will also provide live listening access on the Internet to its earnings conference call to be held at 11:00 a.m. Eastern Time on July 29, 2014. Access to the webcast will be available from the home page of the company's website at...

2014-06-10 08:23:51

WEST CHESTER, Ohio, June 10, 2014 /PRNewswire/ -- AK Steel (NYSE: AKS) said today that members of the International Association of Machinists and Aerospace Workers (IAM) Local 1943 have ratified a new 42-month labor agreement covering about 1,700 hourly production and maintenance employees at the company's Middletown (OH) Works. "We are pleased to have reached a competitive labor agreement with our unionized employees at our Middletown Works," said James L. Wainscott, Chairman,...

2014-05-30 16:22:06

WEST CHESTER, Ohio, May 30, 2014 /PRNewswire/ -- AK Steel (NYSE: AKS) said today that its Board of Directors has approved the promotion of the following Executive Officers, effective May 30, 2014. -- David C. Horn, 62, has been named Executive Vice President, Chief Legal and Administrative Officer, and Secretary. Mr. Horn was previously the company's Executive Vice President, General Counsel and Secretary. -- Roger K. Newport, 49, has been named Senior Vice...

2014-05-19 12:23:06

WEST CHESTER, Ohio, May 19, 2014 /PRNewswire/ -- The Walbridge, Ohio plant of AK Tube LLC, a subsidiary of AK Steel (NYSE: AKS), has been recognized for outstanding safety performance by the Ohio Bureau of Workers' Compensation, Division of Safety and Hygiene. The recognition is part of a collaborative safety awareness program established by the Northwest Ohio Safety Council. "We are honored to be recognized by the Ohio Bureau of Workers' Compensation, Division of Safety and...

2014-05-09 16:22:01

WEST CHESTER, Ohio, May 9, 2014 /PRNewswire/ -- AK Steel (NYSE: AKS) is continuing a longstanding tradition this year by awarding college scholarships to sons and daughters of company employees. The awards recognize outstanding academic achievement, leadership and community involvement. "Earning an AK Steel scholarship speaks volumes about the students and families associated with our company," said James L. Wainscott, Chairman, President and CEO of AK Steel. "We congratulate all of our...


Word of the Day
barratry
  • The offense of persistently instigating lawsuits, typically groundless ones.
  • An unlawful breach of duty on the part of a ship's master or crew resulting in injury to the ship's owner.
  • Sale or purchase of positions in church or state.
This word ultimately comes from the Old French word 'barater,' to cheat.
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