AK Steel announced that its board of directors has approved a stock repurchase plan and authorized the company to repurchase up to $150 million of its outstanding common stock shares. The company currently has 112.5 million diluted common stock shares outstanding.
The shares may be repurchased from time to time in open market or privately negotiated [...]

AK Steel said today that members of United Steelworkers (USW) Local 8-523 have overwhelmingly ratified a new three-year labor agreement covering about 240 hourly production and maintenance employees at the company’s Ashland, Kentucky coke plant. The new agreement takes effect immediately and runs through October 31, 2011. It replaces an agreement that would have expired [...]

Following the close of trading today, AK Steel (NYSE: AKS) will be added to Standard and Poor’s S&P 500 GICS (Global Industry Classification Standard) Steel Sub-Industry index, aligning the company with the very best of America’s most prominent corporations. The S&P 500 is widely considered to be the single best indicator of the U.S. equities [...]