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November 13, 2012
06:53 EDTAKSAK Steel now expects shipments of approximately 1.375M to 1.40M tons in Q4
This compares to shipments of 1,363,500 tons in Q3 of 2012. The company said it expects that its average selling price for all products for Q4 of 2012 will decline by approximately 5% from its average selling price of $1,073 per ton for Q3 of 2012. This reduction in average selling price is largely the result of two factors: lower average spot market prices for carbon steel products compared to the third quarter, due primarily to a decline in global economic and business conditions; and reduced raw material surcharges, due to lower raw material costs.
News For AKS From The Last 14 Days
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May 20, 2015
12:35 EDTAKSAK Steel to pay $1.35M and implement air pollution controls at Michigan facility
The U.S. Department of Justice, the Environmental Protection Agency, and the Michigan Department of Environmental Quality announced that, under a settlement agreement with the U.S. and the state of Michigan, AK Steel will pay a civil penalty of $1.35M for past violations of the Clean Air Act at its Dearborn, Michigan facility, implement a variety of procedures to reduce future violations and install dynamic air filtration systems at the Salina Elementary and Salina Intermediate Schools across Ferney Street from the plant. The consent decree will require AK Steel to develop an environmental management system for the facility with third-party auditing every six months, annually inspect and continuously monitor the performance of the pollution control equipment at the facility’s basic oxygen furnace and implement a fugitive dust control policy to prevent large particulate emissions into the adjacent neighborhoods. Upon full implementation of the consent decree requirements, particulate matter emissions, including metal hazardous air pollutants, should be reduced by approximately 100 tons per year. The settlement was lodged with the U.S. District Court for the Eastern District of Michigan and is subject to a 30-day public comment period and final court approval. Reference Link
May 8, 2015
09:04 EDTAKSAK Steel announces UAW Members ratify labor agreement for Zanesville works
AK Steel said that members of the United Auto Workers, Local 4104, have ratified a new four-year labor agreement covering about 140 hourly production and maintenance employees at the company's Zanesville Works. AK Steel said that UAW officials notified the company that the new contract was ratified in voting held on May 7 in Zanesville. The new agreement takes effect on May 20 and runs through May 31, 2019.

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