News for AK Steel
Feb 9 · 3:49:00 PM · Source: Steel Guru
About 284 workers laid off from AK Steel Corp's Mansfield plant have secured one victory this year all are back at work.
Mr Brian Speelman president of United Steelworkers of America Local 169 said “The last of those employees, who were laid off during the worst of the recession, returned to work late last month. Hourly union employees are working three shifts, seven days a week.”
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by Michael Oliveto
Oct 27 · 10:20:00 AM · Source: Company News Release
AK Steel today reported net income of $6.2 million, or $0.06 per diluted share of common stock, for the third quarter of 2009, compared to net income of $188.3 million, or $1.67 per diluted share, for the third quarter of 2008. Net sales for the third quarter of 2009 were $1,041.1 million on shipments of 1,047,800 tons, compared to sales of $2,157.6 million on shipments of 1,476,300 tons for the year-ago quarter.
However, the third quarter 2009 results represent a $53.4 million improvement over the second quarter of 2009 net loss of $47.2 million, or $0.43 per diluted share.
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by Larry Etter
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