WEST CHESTER, Ohio,
Dec. 19, 2011 /PRNewswire/ -- AK
Steel (NYSE: AKS) said today that members of United Steelworkers of
America (USW) Local 1915 have ratified a new three-year labor
agreement with its wholly-owned subsidiary, AK Tube LLC, covering
about 100 hourly production and maintenance employees at its
Walbridge, Ohio facility.
"We are pleased that a new labor agreement has been ratified at
our Walbridge tube plant by
members of Local 1915," said James L.
Wainscott, Chairman, President and CEO of AK Steel.
"This early agreement continues to address AK Steel's need for
competitive and flexible labor contracts."
The new agreement will take effect following expiration of the
existing contract on January 22,
2012.
AK Tube LLC, a wholly-owned subsidiary of AK Steel, employs
about 300 men and women in plants in Walbridge, Ohio and Columbus, Indiana.
AK Tube produces carbon and stainless electric resistance welded
(ERW) tubular steel products for truck, automotive and other
markets. Additional information about AK Tube LLC is
available on its web site at www.aktube.com.
AK Steel produces flat-rolled carbon, stainless and electrical
steels, primarily for automotive, infrastructure and manufacturing,
construction and electrical power generation and distribution
markets. The company employs about 6,200 men and women in
Middletown, Mansfield, Coshocton and Zanesville, Ohio; Butler, Pennsylvania; Ashland, Kentucky; Rockport, Indiana; and its corporate
headquarters in West Chester,
Ohio. Additional information about AK Steel is available on
the company's web site at www.aksteel.com.
AK Coal Resources, Inc., another wholly-owned subsidiary of AK
Steel, owns or leases metallurgical coal reserves in Somerset County, PA. AK Steel also owns
49.9% of Magnetation LLC, a joint venture headquartered in
Grand Rapids, MN, which produces
iron ore concentrate from previously mined ore reserves.
SOURCE AK Steel