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AK Steel Holding Corp (AKS.N)

AKS.N on New York Stock Exchange

5.69USD
16 Oct 2017
Change (% chg)

$-0.11 (-1.90%)
Prev Close
$5.80
Open
$5.87
Day's High
$5.91
Day's Low
$5.62
Volume
3,001,251
Avg. Vol
3,348,849
52-wk High
$11.38
52-wk Low
$4.47

Latest Key Developments (Source: Significant Developments)

AK Steel - ‍Will implement electrode surcharge for all stainless product shipments effective Oct 29
Friday, 6 Oct 2017 04:40pm EDT 

Oct 6 (Reuters) - AK Steel Holding Corp :AK Steel Holding - ‍will implement electrode surcharge for all stainless product shipments effective October 29, 2017​.AK Steel Holding Corp - ‍electrode surcharge amount will be $13.20 per ton for shipments in November 2017​.  Full Article

UAW members ratify labor agreement for Rockport Works
Thursday, 28 Sep 2017 08:25am EDT 

Sept 28 (Reuters) - AK Steel Holding Corp :UAW members ratify labor agreement for Rockport Works.AK Steel Holding Corp - ‍members of United Auto Workers Local 3044, have ratified a four year labor agreement​.Ak Steel Holding Corp - labor agreement covering about 319 hourly production employees at company's Rockport Works​.Ak Steel - contract was ratified in voting held on September 27, 2017; UAW agreement will be in effect until September 30, 2021​.  Full Article

AK Steel Holding enters into an amended and restated $1.35 billion secured revolving credit facility
Friday, 15 Sep 2017 05:23pm EDT 

Sept 15 (Reuters) - AK Steel Holding Corp :AK Steel Holding Corp- On September 13, 2017, co entered into an amended and restated $1.35 billion, five-year senior secured revolving credit facility.AK Steel Holding -‍ Credit facility includes a $1.285 billion asset-based revolving facility and a $65.0 million "first-in, last-out" asset-based facility​.AK Steel Holding Corp - Amended and restated credit facility's revolving credit line may be increased by up to $400.0 million - SEC filing.AK Steel Holding Corp- Amended and restated credit facility matures on September 13, 2022 - SEC filing.  Full Article

Appaloosa LP takes share stake in L Brands, ups share stake in Facebook
Monday, 14 Aug 2017 05:17pm EDT 

Aug 14 (Reuters) - Appaloosa LP: :Appaloosa Lp takes share stake of 525,000 shares in Activision Blizzard Inc - sec filing.Appaloosa LP takes share stake of 835,592 shares in L Brands Inc.Appaloosa LP cuts share stake in Boston Scientific Corp by 32.2 percent to 2.3 million shares.Appaloosa LP ups share stake in Facebook Inc by 23.5 percent to 2.4 million class A shares.Appaloosa LP ups share stake in Delta Air Lines Inc by 30.3 percent to 832,438 shares.Appaloosa LP dissolves share stake in ak steel holding corp.Appaloosa LP dissolves share stake in Mckesson Corp.Appaloosa LP cuts share stake in Southwest Airlines Co from 3.1 million shares to 621,604 shares.Appaloosa LP ups share stake in Micron Technology Inc by 92.8 percent to 12.9 million shares.Appaloosa LP ups share stake in Alphabet Inc by 23.2 percent to 585,000 shares of class c capital stock.Appaloosa LP - change in holdings are as of June 30, 2017 and compared with the previous quarter ended as of March 31, 2017.  Full Article

AK Steel announces pricing of $280,000,000 of senior notes due 2025
Wednesday, 2 Aug 2017 04:55pm EDT 

Aug 2 (Reuters) - AK Steel Holding Corp :AK Steel announces pricing of $280,000,000 of senior notes due 2025.Says ‍AK Steel will pay interest on notes semi-annually on April 15 and october 15 of each year​.Says ‍priced its public offering of $280 million aggregate principal amount of 6.375% senior notes due 2025​.  Full Article

AK Steel announces offering of $280 mln of senior notes
Wednesday, 2 Aug 2017 08:24am EDT 

Aug 2 (Reuters) - AK Steel Holding Corp:AK Steel announces offering of $280,000,000 of senior notes and cash tender offer for its 8.375% senior notes due 2022.AK Steel Holding Corp- ‍subsidiary has commenced a registered offering $280 million aggregate principal amount of senior notes due 2025​.AK Steel - intends to use net proceeds of offering to finance its cash tender offer for any and all of its outstanding 8.375% senior notes due 2022.  Full Article

AK Steel reports Q2 2017 earnings per share of $0.19
Tuesday, 25 Jul 2017 08:30am EDT 

July 25 (Reuters) - Ak Steel ::AK Steel announces financial results for second quarter 2017.Reports Q2 2017 earnings per share $0.19.Q2 earnings per share $0.19.Q2 sales $1.56 billion versus I/B/E/S view $1.55 billion.Q2 earnings per share view $0.12 -- Thomson Reuters I/B/E/S.‍Q2 shipments declined 6% to 1,465,200 tons​.AK Steel Holding corp qtrly ‍average selling price per ton increased 11% to $1,058 from $957 in same quarter a year ago​.Deal to acquire Precision Partners expected to close in Q3​.‍During Q2 company completed actions to reduce its long-term debt by $129.8 million​.‍In Q2 of 2017, fair value of company's iron ore derivatives decreased due to a reduction in market price of iron ore​.  Full Article

AK steel to purchase Precision Partners Holding Company
Monday, 3 Jul 2017 06:45am EDT 

July 3 (Reuters) - AK Steel Holding Corp ::AK Steel to purchase Precision Partners Holding Company.AK Steel Holding Corp- deal for for $360 million in cash.AK Steel Holding Corp - AK Steel intends to finance acquisition with a combination of debt and equity securities.  Full Article

Integrated Core Strategies reports 6.9 pct passive stake in AK Steel Holding as of June 15
Monday, 26 Jun 2017 05:12pm EDT 

June 26 (Reuters) - Integrated Core Strategies LLC::Integrated Core Strategies (Us) LLC reports a 6.9 percent passive stake in AK Steel Holding Corp as of June 15 - sec filing.  Full Article

AK Steel Holding extends expiration of labor contact with United Autoworkers, Local 600
Thursday, 1 Jun 2017 10:41am EDT 

June 1 (Reuters) - AK Steel Holding Corp ::Co, United Autoworkers, Local 600 agreed to extend expiration of labor contact from March 31, 2017 to May 31, 2017 - SEC filing.On May 31, 2017, company and UAW Local 600 agreed to continue to negotiate in good faith to reach a new labor agreement​.Company and UAW Local 600 shall proceed to operate under terms and conditions of labor agreement​.  Full Article

BRIEF-AK Steel - ‍Will implement electrode surcharge for all stainless product shipments effective Oct 29

* AK Steel Holding - ‍will implement electrode surcharge for all stainless product shipments effective October 29, 2017​