Latest Zanesville, Ohio Stories
GRAND RAPIDS, Minn., May 21, 2013 /PRNewswire/ -- Magnetation LLC (Magnetation) announced today that it has successfully completed a $325 million senior secured notes offering and has entered into a $50 million senior secured credit facility. The proceeds from the notes offering will be used for capital expenditures to construct a new concentrate reclamation plant northwest of Coleraine, Minnesota and a new manufacturing plant in Reynolds, Indiana to produce high-quality iron ore...
WEST CHESTER, Ohio, May 20, 2013 /PRNewswire/ -- AK Steel (NYSE: AKS) said today that Magnetation LLC ("Magnetation"), its joint venture with Magnetation, Inc., has successfully completed a $325 million senior secured note offering and has entered into a $50 million senior secured credit facility. The proceeds from the note offering will be used primarily to fund construction of a new plant in Reynolds, Indiana to produce high-quality iron ore pellets, a critical steelmaking raw...
WEST CHESTER, Ohio, May 20, 2013 /PRNewswire/ -- AK Steel's (NYSE: AKS) Coshocton (Ohio) Works 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 Coshocton County Safety Council and Chamber of Commerce. "It is an honor to be recognized by the Ohio Bureau of Workers' Compensation, Division of Safety and Hygiene, an...
WEST CHESTER, Ohio, May 8, 2013 /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...
WEST CHESTER, Ohio, April 19, 2013 /PRNewswire/ -- AK Steel (NYSE: AKS) applauds the U.S. Department of Energy's (DOE) final ruling on efficiency standards for electrical distribution transformers. The rule was published in the Federal Register on April 18, 2013 following an extensive comment and review process. It ensures that transformers in America will remain among the most energy-efficient in the world, and that high-tech electrical steels will continue to be a competitive...
WEST CHESTER, Ohio, April 12, 2013 /PRNewswire/ -- AK Steel (NYSE: AKS) said today that it will increase base prices for all 200, 300 and 400 series flat rolled stainless steel products, effective with shipments on May 6, 2013. AK Steel said this increase will be achieved through a reduction in the functional discount of two percentage points for cold rolled and hot rolled non-automotive exhaust products. Base prices for automotive exhaust grades will increase by $0.03 per pound,...
SAN MATEO, Calif., March 25, 2013 /PRNewswire/ -- China Armco Metals, Inc. (AMEX: CNAM) ("China Armco" or the "Company"), a distributor of imported metal ore and metal recycler, today announced that it will release its fourth quarter and year end 2012 financial results on Friday, March 29, 2013. The conference call will take place at 5:00 pm. EDT on Monday, April 1, 2013. To attend the call, please use the dial-in information below. When prompted, ask for the "China Armco Metals...
WEST CHESTER, Ohio, March 25, 2013 /PRNewswire/ -- AK Steel's (NYSE: AKS) Zanesville (Ohio) Works 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 Muskingum County Safety Council and Chamber of Commerce. "We are honored to be recognized by the Ohio Bureau of Workers' Compensation, Division of Safety and Hygiene,...
Company Can Continue To Sell Its ULTRALUME® Product WEST CHESTER, Ohio, March 22, 2013 /PRNewswire/ -- AK Steel (NYSE: AKS) said that the United States Court of Appeals for the Federal Circuit denied, on March 20, 2013, ArcelorMittal's petition for re-hearing in its patent infringement lawsuit involving aluminized boron steel. This week's court decision again confirms that AK Steel does not infringe the patent and can sell its ULTRALUME® aluminized boron steel product. AK Steel's...
WEST CHESTER, Ohio, March 22, 2013 /PRNewswire/ -- AK Steel (NYSE: AKS) today provided guidance for its first quarter of 2013 financial results. AK Steel said that it expects shipments of approximately 1,275,000 to 1,300,000 tons in the first quarter of 2013 compared to shipments of 1,406,100 tons in the fourth quarter of 2012. For the first quarter of 2013, the company said it expects increased shipments to the automotive market compared to the previous quarter. However, the...
