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AK Steel Holding Corp (AKS.N)

AKS.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

AK Steel Says UAW Members Ratify Labor Agreement For Dearborn Works
Friday, 15 Dec 2017 

Dec 15 (Reuters) - Ak Steel Holding Corp ::AK STEEL HOLDING CORP - MEMBERS OF UNITED AUTO WORKERS, LOCAL 600, HAVE RATIFIED A THREE-YEAR, SEVEN-MONTH AGREEMENT.AK STEEL HOLDING CORP - AGREEMENT WILL BE IN EFFECT UNTIL JULY 31, 2021.AK STEEL HOLDING CORP - AGREEMENT COVERS ABOUT 1,180 HOURLY PRODUCTION AND MAINTENANCE EMPLOYEES AT COMPANY'S DEARBORN WORKS.  Full Article

USW Members ratify labor agreement with AK Tube​
Monday, 13 Nov 2017 

Nov 13 (Reuters) - AK Steel Holding Corp ::Says members of United Steel Workers Local 1915 have ratified a 3 year labor agreement with co's wholly-owned subsidiary, AK Tube LLC​.Says ‍new agreement is effective on January 22, 2018 until January 22, 2021​.  Full Article

AK steel announces Q3 loss per share $0.02
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - AK Steel :AK steel announces financial results for third quarter 2017.Q3 sales $1.49 billion versus I/B/E/S view $1.52 billion.Q3 loss per share $0.02.Q3 earnings per share view $0.04 -- Thomson Reuters I/B/E/S.AK Steel Holding Corp - qtrly ‍average selling price per flat-rolled steel ton increased 2% to $1,021 from $1,001 in same quarter a year ago​.AK Steel Holding Corp - ‍Q3 flat-rolled steel shipments declined 2% to 1,368,600 tons from 1,397,900 tons in Q3 a year ago​.AK steel- ‍higher raw material costs, particularly for scrap, chrome, zinc, other alloys, contributed to decline in qtrly results versus Q3 year ago​.AK Steel Holding Corp - ‍results for Q3 of 2017 included a lifo charge of $49.0 million​.  Full Article

AK Steel announces pricing of $400 mln of senior notes due 2027
Friday, 17 Mar 2017 

Ak Steel Holding Corp : Ak steel announces pricing of $400,000,000 of senior notes due 2027 . Ak steel holding corp- successfully priced its public offering $400 million aggregate principal amount of 7% senior notes due 2027 .Ak steel holding corp - ak steel will pay interest on notes semi-annually on march 15 and september 15 of each year.  Full Article

AK steel announces offering of $400,000,000 of senior notes
Thursday, 16 Mar 2017 

AK Steel Holding Corp : AK Steel announces offering of $400,000,000 of senior notes and cash tender offer for its 7.625% senior notes due 2020 . AK Steel - commenced a registered offering of $400 million aggregate principal amount of senior notes due 2027 .AK Steel - intends to use net proceeds, with others, to finance co's cash tender offer for outstanding 7.625% senior notes due 2020.  Full Article

AK Steel Holding Corp Q3 earnings per share $0.21
Tuesday, 25 Oct 2016 

Ak Steel : Ak steel reports financial results for third quarter 2016 . Q3 earnings per share $0.21 . Q3 earnings per share view $0.13 -- Thomson Reuters I/B/E/S . Q3 sales $1.45 billion versus i/b/e/s view $1.47 billion . Ak steel holding Corp - average selling prices for nine months ended september 30, 2016 of $960 per ton were 1% higher .Ak steel holding corp says shipments of 1,425,900 tons for q3 of 2016 were 24% less than 1,871,200 tons from q3 a year ago.  Full Article

AK Steel enters settlement agreement with Magnetation and units in chapter 11 bankruptcy
Monday, 29 Aug 2016 

AK Steel Holding Corp: Entered into global settlement agreement with Magnetation LLC and its affiliates in chapter 11 bankruptcy - SEC Filing . After bankruptcy court approval of transaction, co agreed to make cash contribution of $37.5 million to Magnetation's chapter 11 estate . Following payment, Co's offtake agreement with Magnetation will terminate, co to cease purchasing iron ore pellets from Magnetation . Currently anticipates that it can purchase replacement iron ore pellets from third party producers . Expects to incur a one-time charge of $37.5 million in quarter .Magnetation may terminate settlement if it receives bona fide offer for alternative deal providing for better recovery to chapter 11 estate.  Full Article

AK Steel says UAW members ratify labor agreement for Butler Works
Wednesday, 10 Aug 2016 

Ak Steel Holding Corp : UAW members ratify labor agreement for Butler Works . UAW ratified 2-1/2 year labor agreement covering about 1,200 hourly production, maintenance employees at co's Butler Works .Labor agreement will be in effect until April 1, 2019.  Full Article

AK Steel Q2 earnings per share $0.08
Tuesday, 26 Jul 2016 

AK Steel Holding Corp : In q2, shipments of 1.6 million tons represented a decline of 14% compared to 1.8 million tons from q2 a year ago . Company's average selling price for first half of 2016 was $935 per ton, a decrease from $965 per ton for first half of 2015 . Ak steel reports financial results for second quarter and first half 2016 . Q2 earnings per share $0.08 . Q2 sales $1.49 billion versus i/b/e/s view $1.53 billion .Q2 earnings per share view $-0.02 -- Thomson Reuters I/B/E/S.  Full Article

U.S. finds in favor of subsidy rates for Chinese stainless steel sheet, strip
Wednesday, 13 Jul 2016 

The U.S. Commerce Department has found countervailable subsidization of imports of stainless steel sheet and strip from China, according to a preliminary finding released on Tuesday. : The news follows a probe launched in March in response to a petition from AK Steel Corp , Allegheny Ludlum , North American Stainless, and Outokumpu Stainless USA. [nL2N16D050] . Commerce said it has determined a preliminary subsidy rate of 57.30 percent for mandatory respondent Shanxi Taigang Stainless Steel Co Ltd <000825.SZ>. (Reporting by Josephine Mason) ((Josephine.Mason@thomsonreuters.com; +1 646 223 8925; Reuters Messaging: josephine.mason.reuters.com@reuters.net)) Keywords: USA CHINA/STEEL (BRIEF).  Full Article

BRIEF-AK Steel Says UAW Members Ratify Labor Agreement For Dearborn Works

* AK STEEL HOLDING CORP - MEMBERS OF UNITED AUTO WORKERS, LOCAL 600, HAVE RATIFIED A THREE-YEAR, SEVEN-MONTH AGREEMENT