News & Videos - AK STEEL HOLDING

WEST CHESTER, Ohio, Feb. 20, 2020 (GLOBE NEWSWIRE) -- AK Steel (NYSE: AKS) today reported its financial results for the fourth quarter and full-year 2019. Fourth Quarter 2019 Highlights Fourth quarter 2019 net loss of $53.9 million, or $0.17 per diluted share; adjusted net loss of $35.1 million, or $0.11 per diluted share Fourth quarter 2019 adjusted EBITDA of $47.2 million Fourth quarter 2019 sales of $1.4 billion Full-Year 2019 Highlights Full-year 2019 net income of $11.2 million, or $0.04...

WEST CHESTER, Ohio, Feb. 05, 2020 (GLOBE NEWSWIRE) -- AK Steel (NYSE: AKS) said today that to align the timing of its fourth quarter and full-year 2019 earnings release with the updated timing for Cleveland-Cliffs Inc.’s release of its fourth quarter and full-year 2019 earnings, AK Steel has changed the date of its fourth quarter and full-year 2019 financial results to Thursday, February 20, 2020, before the open of trading on the New York Stock Exchange. AK Steel AK Steel is a leading...

WEST CHESTER, Ohio, Jan. 15, 2020 (GLOBE NEWSWIRE) -- AK Steel (NYSE: AKS) said today that it plans to release its fourth quarter and full-year 2019 financial results before the open of trading on the New York Stock Exchange on Thursday, February 27, 2020. AK Steel AK Steel is a leading producer of flat-rolled carbon, stainless and electrical steel products, primarily for the automotive, infrastructure and manufacturing, including electrical power, and distributors and converters markets....

WEST CHESTER, Ohio, Dec. 18, 2019 (GLOBE NEWSWIRE) -- AK Steel (NYSE: AKS) announced today that the company was named to Newsweek’s America’s Most Responsible Companies 2020. Newsweek partnered with Statista Inc. to publish their first ranking of 300 companies from more than 2,000 of the largest public companies by revenue in the U.S. to determine “which firms were tops when it comes to doing good.” The list focused on performance in the environmental, social and corporate governance...

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of AK Steel Holding Corporation (NYSE: AKS) to Cleveland-Cliffs Inc. (NYSE: CLF). Under the terms of the proposed transaction, shareholders of AK will receive only 0.40 shares of Cliffs for each share of AK that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the...

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of AK STEEL HOLDING CORPORATION - AKS PR Newswire NEW YORK, Dec. 6, 2019 NEW YORK , Dec. 6, 2019 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York City , is investigating AK Steel Holding Corporation ("AK Steel" or the "Company") (Nasdaq: AKS) relating to the sale of the Company to Cleveland-Cliffs...

SHAREHOLDER ALERT: WeissLaw LLP Investigates AK Steel Holding Corporation PR Newswire NEW YORK, Dec. 5, 2019 NEW YORK , Dec. 5, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors (the "Board") of AK Steel Holding Corporation ("AK Steel" or the "Company") (NYSE:AKS) in connection with the proposed merger of the Company with Cleveland-Cliffs Inc. ("Cleveland-Cliffs") (NYSE:CLF). Under the terms of the merger...

AK STEEL ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of AKS and Encourages Investors to Contact the Firm PR Newswire NEW YORK, Dec. 3, 2019 NEW YORK , Dec. 3, 2019 /PRNewswire/ -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder law firm, has launched an investigation into whether the board members of AK Steel Holding Corporation (NYSE: AKS) breached their fiduciary duties or violated the federal securities laws in connection with the company's proposed sale to...

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of AK Steel Holding Corporation PR Newswire NEW YORK, Dec. 3, 2019 NEW YORK , Dec. 3, 2019 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by AK Steel Holding Corporation (NYSE: AKS) and its board of directors concerning the proposed acquisition of the company by Cleveland-Cliffs Inc. (NYSE: CLF). Stockholders will receive 0.40 shares of Cleveland-Cliffs common stock for each share of AK Steel stock...

(AKS) Alert: Johnson Fistel Investigates Proposed Sale of AK Steel Holding Corporation; Are Shareholders Getting a Fair Deal? PR Newswire SAN DIEGO, Dec. 3, 2019 SAN DIEGO , Dec. 3, 2019 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of AK Steel Holding Corporation (NYSE: AKS) ("AK Steel") breached their fiduciary duties in connection with the proposed sale of the Company to Cleveland-Cliffs Inc. ("Cliffs") On December...

WEST CHESTER, Ohio, Nov. 26, 2019 (GLOBE NEWSWIRE) -- AK Steel (NYSE: AKS) said today that the company’s Research and Innovation Advanced Engineering team has been recognized by the Auto/Steel Partnership as part of the 2019 Excellence Awards. Award recipients were recognized for collaboration and technical expertise to help find industrial solutions, including the use of stamping technology for potential applications of Next Generation Advanced High Strength Steels in future automotive body...

WEST CHESTER, Ohio, Nov. 20, 2019 (GLOBE NEWSWIRE) -- AK Steel (NYSE: AKS) said today that it has purchased a group annuity contract from Massachusetts Mutual Life Insurance Company (MassMutual) to transfer approximately $615 million of its pension obligations. “We are pleased to have completed another annuity transaction, which brings the total pension obligations we have transferred to highly-rated annuity providers to about $1.1 billion over the past three years,” said Roger K. Newport,...

WEST CHESTER, Ohio, Nov. 05, 2019 (GLOBE NEWSWIRE) -- AK Steel (NYSE: AKS) said today that Jaime Vasquez, Vice President, Finance and Chief Financial Officer, will retire effective November 30, 2019, and will continue to assist with the transition of his responsibilities over the next few months. “Jaime’s experience and financial focus have served the company well as we forged a new strategic path,” said Roger K. Newport, Chief Executive Officer of AK Steel. “We wish him the best in the...

WEST CHESTER, Ohio, Oct. 30, 2019 (GLOBE NEWSWIRE) -- AK Steel (NYSE: AKS) today reported its financial results for the third quarter of 2019. Third Quarter 2019 Highlights • Net income of $2.8 million, or $0.01 per diluted share • Adjusted EBITDA of $86.9 million, or 5.7% of sales • Results include unrealized mark-to-market derivative losses of $15.3 million “Our third quarter results were essentially in line with our expectations despite a challenging environment. We continued to make...

WEST CHESTER, Ohio, Oct. 28, 2019 (GLOBE NEWSWIRE) -- AK Steel (NYSE: AKS) announced today that it has entered into a licensing agreement involving its aluminized boron press hardenable steel product, ULTRALUME ® PHS. This product is a high strength, high formability steel that is hot stamped into parts for the automotive industry. Under this agreement with ArcelorMittal, AK Steel has full rights to manufacture and sell its ULTRALUME ® PHS product for hot stamping and its customers are...

WEST CHESTER, Ohio, Sept. 23, 2019 (GLOBE NEWSWIRE) -- AK Steel (NYSE: AKS) said today that members of the United Auto Workers (UAW), Local 3462, have ratified a new 46 month labor agreement covering about 300 hourly production and maintenance employees at the company’s Coshocton (OH) Works. AK Steel said that UAW officials notified the company that the new contract was ratified in voting held on September 20, 2019 in Coshocton. The agreement will be in effect until July 31, 2023. “We...

WEST CHESTER, Ohio, Sept. 18, 2019 (GLOBE NEWSWIRE) -- AK Steel (NYSE: AKS) said today that it plans to release its third quarter 2019 financial results following the close of trading on the New York Stock Exchange on Wednesday, October 30, 2019. AK Steel will also provide live listening access on the Internet to its earnings conference call to be held at 8:30 a.m. Eastern Time on Thursday, October 31, 2019. Access to the webcast will be available from the home page of the company’s website at...

WEST CHESTER, Ohio, July 29, 2019 (GLOBE NEWSWIRE) -- AK Steel (NYSE: AKS) today reported its financial results for the second quarter of 2019. Second Quarter 2019 Highlights Net income of $66.8 million, or $0.21 per diluted share; up 18% from a year ago Adjusted EBITDA of $151.5 million, or 9.0% of sales; up 2% from a year ago Reduced borrowings by $95.0 million “We reported solid earnings for the second quarter, despite a dramatic decline in carbon spot market pricing from a year ago. This...

WEST CHESTER, Ohio, July 18, 2019 (GLOBE NEWSWIRE) -- AK Steel (NYSE: AKS) announced today that it has accepted an award from the U.S. Department of Energy (DOE) High Performance Computing for Materials (HPC4Mtls) Program. Researchers from AK Steel plan to work in collaboration with DOE’s Oak Ridge National Laboratory to develop microstructure-based transformation models to predict austenite stability in high strength steels in a project titled “Thermo-Mechanical Forming Process Development...

WEST CHESTER, Ohio, July 15, 2019 (GLOBE NEWSWIRE) -- AK Steel (NYSE: AKS) said today that members of the United Auto Workers (UAW), Local 3303, have ratified a three year labor agreement covering about 1,200 hourly production and maintenance employees at the company’s Butler (PA) Works. AK Steel said that UAW officials notified the company that the contract was ratified in voting held on July 11 and 12, 2019 in Butler. The agreement will be in effect until June 15, 2022. “We are pleased to...