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Middletown Journal in Middletown, Ohio

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Newspaper

Middletown Journal

Location

Middletown, Ohio, United States of America

Date

Apr 27, 2005

Page

6

AK Steel completes first phase of Middletown pollution controls

AK Steel Corp reports completion of the first phase of a new air pollution control system at Middletown Works nearly a month early. The $66 million project funds fugitive emissions reductions from the blast furnace, aligning with federal Clean Air Act standards and reducing about 300 tons of non-hazardous dust annually. Local residents and activists welcomed the progress while awaiting further tests on fine particulate capture.

AK Steel Corp Middletown Curtis Street Ohio Marilyn Wall Sierra Club Wall Cincinnati James Wainscott Richard Wardrop Ray Agee Bernice Avenue Yankee Road Agee AK Steel Middletown Works

AK seeks leaner labor deals amid layoffs at Middletown Works

AK plans competitive push on labor including unions in Ashland and Middletown with the AEIF, which represents over 3,000 Middletown workers. The company has cut about 590 jobs since last summer to reduce costs while awaiting an arbitrator on laid‑off workers. Ed Shelley of the AEIF disputes that labor costs hurt AK, noting strong profits. Analysts warn iron ore costs and third quarter may signal a peak for the steel sector.

Ashland Butler Middletown Armco Employees Independent Federation AEIF Middletown Works Wainscott Charles Bradford Bradford Research/ Soleil Securities AKS Bradford Shelley

AK Steel reports earnings hit by tax change in Kentucky

AK Steel said net income would have been 62.3 million dollars or 56 cents per share if not for a March tax law change in Kentucky that cut the value of a deferred tax asset. First quarter sales reached 1,422.5 million on 1,520,500 tons, up over 25 percent from a year earlier. The firm ended the quarter with 259 million in cash and 529.5 million available under two credit facilities, and projected second quarter operating results of 55 to 60 dollars per ton. AKS stock fell 1.76 to 8.03, down about 18 percent.

Kentucky Ak’s AKS

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