WEST CHESTER, Ohio,
Aug. 16, 2013 /PRNewswire/ -- AK
Steel (NYSE: AKS) said today that members of the United
Steelworkers (USW) Local 1865 union have ratified an 18-month labor
agreement covering more than 800 hourly production and maintenance
steel operations employees at the company's Ashland (KY)
Works.
"We are pleased to have reached a new labor agreement at our
Ashland Works ahead of the
expiration date," said James L.
Wainscott, Chairman, President and CEO of AK Steel.
"The agreement continues to serve the interests of both the company
and Local 1865 members in an increasingly competitive, global steel
industry."
The current agreement expires on September 1, 2013. The new agreement takes
effect September 1, 2013 and expires
on March 1, 2015.
AK Steel
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 6,100 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 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 Coal Resources, Inc., another wholly-owned subsidiary of AK
Steel, controls and is developing metallurgical coal reserves in
Somerset County,
Pennsylvania. AK Steel also owns 49.9% of Magnetation LLC, a
joint venture headquartered in Grand
Rapids, Minnesota, which produces iron ore concentrate from
previously mined ore reserves.
SOURCE AK Steel