Steel Mills
UAW Ratifies Contract with AK Steel Rockport
Written by John Packard
August 29, 2013
West Chester, OH, August 28, 2013—AK Steel (NYSE: AKS) said today that members of the United Auto Workers Local 3044 have ratified a four-year labor agreement covering about 195 hourly production employees at the company’s Rockport (IN) Works.
“We are pleased to have reached a competitive labor agreement at our Rockport Works ahead of the expiration date,” said James L. Wainscott, Chairman, President and CEO of AK Steel. “The new agreement will help Rockport Works continue to serve our valued customers with outstanding quality and productivity.”
The current agreement expires on September 30, 2013. The new agreement takes effect September 30, 2013 and expires on September 30, 2017. (Source: AK Steel)
John Packard
Read more from John PackardLatest in Steel Mills
Nippon could up investment in USS facilities to $7B: Report
It's the latest twist as the proxy battle heats up for Pittsburgh-based U.S. Steel.
Hybar expansion still on the table as Arkansas mill startup nears
As Hybar nears the completion of its $700-million rebar mill in Arkansas, the company said it is still “actively considering” building other steel facilities in the southern US.
Global steel production edges lower in February
February’s global raw steel output is tied with last December's for the fourth-lowest monthly production rate recorded over the past two years.
Fate of U.S. Steel hangs in the balance
The future of U.S. Steel remains unclear, but the proxy fight for control of the company is heating up. Shareholders will cast their votes on the company's future at the annual meeting in May.
Cliffs to idle Dearborn blast furnace, restart Cleveland furnace by July
Cleveland-Cliffs has decided to idle the steelmaking operations at its Dearborn Works in Michigan due to weak automotive demand.