• Skip to main content

    Market Segment

    August 29, 2013

    UAW Ratifies Contract with AK Steel Rockport

    Written by John Packard

    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.”

    John Packard

    Read more from John Packard

    Latest in Market Segment

    ArcelorMittal sees N. American shipments flat in Q4 as Calvert ramps up

    ArcelorMittal expects North American steel shipments to be flat sequentially in the fourth quarter, as recovery from Canadian and Mexican disruptions is expected to be offset by normal seasonality and maintenance. The company reported third-quarter shipments of 2.645 million metric tons, down 6.6% sequentially but up 1% year over year (y/y). It attributed the shipment decline primarily to lower long product volumes. North America sales were nearly $3.7 billion in Q3’26, nearly level with the previous quarter but 11% higher y/y. Average selling prices rose 5.7% sequentially to $1,228 per metric ton (mt).

    Algoma lands record steel order for Seaspan icebreakers

    Algoma Steel has secured a contract to supply up to 24,000 metric tons of structural steel plate for Seaspan Shipyards’ Canadian Coast Guard icebreaker program. The agreement, valued at about $182 million Canadian, covers steel for up to six multi-purpose icebreakers, at ~4,000 metric tons per vessel. Algoma will produce the plate, with Stigterstaal Canada serving as the marine steel processing and distribution partner. The order is the largest polar-class steel order in Algoma’s history, according to the companies.