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Last €4.78 EUR
Change Today +0.109 / 2.33%
Volume 10.6K
AK2 On Other Exchanges
New York
As of 1:55 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

ak steel holding corp (AK2) Snapshot

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08/26/14 - €8.62
52 Week Low
01/30/15 - €3.22
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ak steel holding corp (AK2) Details

AK Steel Holding Corporation, through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, stainless and electrical steel, and tubular products in the United States and internationally. It produces flat-rolled value-added carbon steels, including coated, cold-rolled, and hot-rolled carbon steel products; and specialty stainless and electrical steels in sheet and strip forms. The company also produces carbon and stainless steel that is finished into welded steel tubing, which is used in the automotive, large truck, industrial, and construction markets; buys and sells steel and steel products, and other materials; and produces metallurgical coal from reserves in Pennsylvania. It sells its flat-rolled carbon steel products primarily to automotive manufacturers and to customers in the infrastructure and manufacturing markets, including electrical transmission, heating, ventilation and air conditioning equipment, and appliances; and coated, cold-rolled, and hot-rolled carbon steel products to distributors, service centers, and converters. The company sells its stainless steel products to manufacturers and their suppliers in the automotive industry; manufacturers of food handling, chemical processing, pollution control, and medical and health equipment; and distributors and service centers. It also sells electrical steel products to manufacturers of power transmission and distribution transformers, as well as for use in the manufacture of electrical motors and generators. AK Steel Holding Corporation was founded in 1993 and is headquartered in West Chester, Ohio.

8,000 Employees
Last Reported Date: 02/20/15
Founded in 1993

ak steel holding corp (AK2) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.2M
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $501.9K
Senior Vice President of Manufacturing
Total Annual Compensation: $393.2K
Chief Legal & Administrative Officer, Executi...
Total Annual Compensation: $736.0K
Vice President of Operations
Total Annual Compensation: $354.2K
Compensation as of Fiscal Year 2014.

ak steel holding corp (AK2) Key Developments

AK Steel Holding Corporation Announces Executive Changes

AK Steel announced that its Board of Directors has approved the following executive promotions and organization changes, effective May 29, 2015. Roger K. Newport has been promoted to Executive Vice President, Finance and Chief Financial Officer. Mr. Newport was previously Senior Vice President, Finance and Chief Financial Officer. Kirk W. Reich has been promoted to Executive Vice President, Manufacturing. Mr. Reich was previously Senior Vice President, Manufacturing. Keith J. Howell has been promoted to Senior Vice President, Operations. Mr. Howell was previously Vice President, Operations. Joseph C. Alter has been named Vice President, General Counsel and Corporate Secretary. He previously was Vice President, General Counsel and Chief Compliance Officer. Mr. Newport will continue to be responsible for accounting, treasury, financial planning and analysis, strategy, internal auditing, risk management and investor relations, as well as maintaining oversight responsibility for the company's AK Tube LLC subsidiary. In addition, he has responsibility for purchasing (excluding raw materials and energy), as well as information technology. He started his career with the company in 1985 in the accounting department. He advanced through a number of increasingly responsible finance, sales and marketing positions at the company's corporate headquarters and Middletown Works. Mr. Reich has responsibility for the company's manufacturing operations. In addition, he has responsibility for the company's safety and quality programs, engineering, raw materials and energy procurement, transportation, outside processing and manufacturing planning. Also, he has oversight responsibility for the company's subsidiary, AK Coal Resources Inc., as well as for the company's interest in Magnetation LLC. Mr. Howell has responsibility for the operations and maintenance of all of AK Steel's manufacturing plants. Mr. Howell serves as a member of the Executive Board of the Association for Iron and Steel Technology. He previously served as a board member of the Butler County Community College, Community Development Corporation of Butler County, King's Daughters Medical Center, the Ashland Alliance and United Way. Mr. Alter will continue to run the Legal Department and is responsible for all legal matters at the company, excluding Labor and Litigation, and he adds responsibility as Corporate Secretary. His legal oversight responsibility includes commercial, securities, antitrust, intellectual property, mergers and acquisitions, and corporate matters. He continues to serve as Counsel to the CEO and to the Board of Directors, and as the company's Chief Compliance Officer. He also has responsibility for environmental affairs.

AK Steel to Pay $1.35 Million to Settle Alleged Air Pollution Violations at Dearborn Plan

AK Steel announced that it will pay $1.35 million to settle alleged air pollution violations at a Dearborn plant previously owned by the American subsidiary of Severstal. The Justice Department announced the agreement among the steelmaker, the federal government and the State of Michigan, saying it settles 42 violations alleged by the state Department of Environmental Quality and two notices issued by the U.S. Environmental Protection Agency against Severstal North America. AK Steel announced last summer its intention to purchase Severstal's Dearborn coke-making facility and other assets for $700 million. Following the sale, completed in September of last year, AK Steel took responsibility for past violations. The consent decree requires the steelmaker to develop a process for managing environmental concerns at the plant, which includes outside auditing twice a year, as well as annual inspections of pollution control equipment.

United Auto Workers Members Ratify Labor Agreement for AK Steel's Zanesville Works

AK Steel said that members of the United Auto Workers (UAW), Local 4104, have ratified a new four-year labor agreement covering about 140 hourly production and maintenance employees at the company's Zanesville (OH) Works. The company said that UAW officials notified the company that the new contract was ratified in voting held on May 7, 2015 in Zanesville. The new agreement takes effect on May 20, 2015 and runs through May 31, 2019.


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