WEST CHESTER, Ohio, Jan. 25 /PRNewswire-FirstCall/ -- AK Steel (NYSE: AKS) announced today that its board of directors has authorized the company to make a $75 million contribution to its pension trust fund. The contribution will be made during the first quarter and will meet a significant portion of the company's 2010 funding requirements.
This contribution will bring AK Steel's total pension contributions since 2005 to more than $1.1 billion.
About AK Steel
AK Steel produces flat-rolled carbon, stainless and electrical steels, primarily for automotive, appliance, construction and electrical power generation and distribution markets. The company employs about 6,200 men and women in Middletown, Mansfield, Coshocton and Zanesville, Ohio; Butler, Pennsylvania; Ashland, Kentucky; Rockport, Indiana; and its corporate headquarters in West Chester, Ohio. Additional information about AK Steel is available on the company's web site at www.aksteel.com.
AK Tube LLC, a wholly owned subsidiary of AK Steel, employs about 300 men and women in plants in Walbridge, Ohio and Columbus, Indiana. AK Tube produces carbon and stainless electric resistance welded (ERW) tubular steel products for truck, automotive and other markets. Additional information about AK Tube LLC is available on its web site at www.aktube.com.
SOURCE AK Steel