AK Steel
Headquartered in West Chester, Ohio (Greater Cincinnati), AK Steel is a leader in the production of flat-rolled carbon, stainless and electrical steel products, primarily for automotive, infrastructure and manufacturing, construction and electrical power generation and distribution markets. The company operates seven steel plants and two tube manufacturing plants across four states: Indiana, Kentucky, Ohio and Pennsylvania.
Latest News
AK Steel Completes Blast Furnace Emission Control Project
27 April 2005 - AK Steel has completed installation of a new emission control system on its Middletown blast furnace.
AK Steel Reports 1st Quarter Net Income
27 April 2005 - AK Steel today reported net income of $59.2 million on net sales of $1,422.5 million for the first quarter of 2005.
AK Steel Adds Titanium Surcharge for Stainless Grades
11 April 2005 - AK Steel is adding a titanium component to its stainless steel raw material surcharge due to a nearly five-fold rise in cost since the beginning of 2004.
Rockport Employees Pass 1000 Safe Workdays Milestone
05 April 2005 - Employees at AK Steel’s Rockport Works have surpassed 1000 clear days without experiencing a single lost-time or restricted activity injury. The safety milestone was reached on March 30, 2005.
AK Steel Earns Coke Plant Safety Award
30 March 2005 - Employees of AK Steel’s Middletown Works coke plant have earned the Max Eward Safety Award for the fifth consecutive year. The award, presented by the American Coke and Coal Chemicals Institute (ACCCI), recognizes the member coke plant having the best U.S. safety record during 2004.
AK Steel Receives Dual Supplier Awards from Toyota
25 March 2005 - AK Steel has once again earned dual supplier awards from Toyota Motor Manufacturing North America, Inc.
AK Steel Announces April Surcharges
16 March 2005 - AK Steel will add a $230 per ton surcharge to invoices for flat-rolled carbon steel products shipped in April 2005, an increase of $16 from March's surcharge of $214 per ton. For electrical steel products, the company will add a $295 per ton surcharge, a decrease of $45 from the March surcharge of $340 per ton for those products.
AK Steel Announces Vice President of Labor Relations
01 March 2005 - AK Steel announced that Thomas F. McKenna, 59, has joined the company as Vice President—Labor Relations. In this role, Mr. McKenna will be responsible for the company's labor relations functions and its union-management relationships.
AK and USWA Reach Early Extension Agreement at Mansfield Works
18 February 2005 - AK Steel Corp. has reached agreement with the United Steelworkers of America (USWA) to extend for nearly two years a collective bargaining agreement covering USWA-represented employees at the company's Mansfield Works in Ohio.
AK Steel Announces March Surcharges
17 February 2005 - AK Steel will add a $214 per ton surcharge to invoices for flat-rolled carbon steel products shipped in March 2005, an increase of $18 from February's surcharge of $196 per ton. AK Steel also advises that the March 2005 surcharge for electrical steel products will drop to $340 per ton, a decrease of $70 from the February surcharge of $410 per ton for those products.
AK Steel Reports Full Year 2004 Results
26 January 2005 - AK Steel reported adjusted 2004 fourth quarter pre-tax income of $73.7 million on record net sales of $1,433.8 million.
AK Steel Announces New Senior Vice Presidents
25 January 2005 - AK Steel has named David C. Horn and John F. Kaloski Senior Vice Presidents. Mr. Horn is the corporation’s General Counsel and Secretary, and Mr. Kaloski oversees the corporation’s safety, operations, quality assurance, engineering, purchasing and supply chain management functions.
AK Steel Announces February Surcharges
17 January 2005 - AK Steel has advised its flat-rolled carbon steel customers that the company will add a $196 per ton surcharge to invoices for products shipped in February 2005, a decrease of $9 from January's surcharge of $205 per ton. AK Steel has also advised its electrical steel customers that a $410 per ton surcharge will be added to invoices for electrical steel products shipped in February 2005, an increase of $10 from the January surcharge of $400 per ton for those products.
MEPS International Steel Market Roundup
13 January 2005 - According to MEPS (International) Ltd., U.S. market activity for Flat Products is flat. The mills, faced with weak fourth quarter order books, started seasonal maintenance shutdowns in November that have continued through this month. With high customer inventories, mill transaction prices continue to slip. MEPS has received unconfirmed reports that surcharges are not being universally applied, especially to large volume purchasers. Steel market conditions are expected to improve in the first quarter, and AK Steel Corp. has already announced a $US50 per ton hike. Canadian market activity continues to be subdued, with inventory levels apparently more tailored to present-day demand than those in the US. However, MEPS has monitored further drops in transaction values over the last four weeks.
AK Steel Makes Voluntary Pension Trust Fund Contribution
05 January 2005 - AK Steel made a $150 million voluntary contribution to its pension trust fund on January 3, 2005. The voluntary contribution applies toward approximately $300 million of pension funding that otherwise would be required in 2006.
AK Steel Completes Redemption of Senior Notes
27 December 2004 - AK Steel completed the redemption of the remaining $117.4 million principal amount of its 9% Senior Notes Due 2007, and the remaining $33.5 million principal amount of its 8-7/8% Senior Notes Due 2008.
AK Steel Announces January 2005 Surcharges
16 December 2004 - AK Steel will add a $205 per ton surcharge for flat-rolled carbon steel products shipped in January 2005, an increase of $52 from December's surcharge of $153 per ton. A $400 per ton surcharge will be added to electrical steel products shipped in January 2005, up $140 from the December surcharge of $260 per ton for those products. January surcharges for AK Steel’s stainless steel products are available on the company's website.
AK Steel Announces Carbon Steel Price Increase
08 December 2004 - AK Steel will increase base prices for all carbon, flat-rolled steel products by $50 per net ton.
AK Steel Secures Coke Supply Through 2009
08 December 2004 - AK Steel has reached agreement for the supply of all anticipated coke purchases through the end of 2009.
AK Steel Settles Lawsuit over Environmental Violations
06 December 2004 - AK Steel has settled alleged environmental violations at the company’s specialty steel mill in Butler, PA. In a proposed consent decree lodged in federal court, AK Steel has agreed to a $1.2 million settlement consisting of a $300,000 penalty and $900,000 in projects that will reduce smog-producing ozone in Pennsylvania.
