AK Steel signs coke agreement with Shenango

AK Steel signs coke agreement with Shenango

Middletown-based steel producer AK Steel has announced that it has signed an agreement with Shenango Incorporated, Pittsburgh to supply its coke requirement through the end of 2009. AK Steel meets 75% of its coke requirement through internal sources and the remaining 25% from other sources. The agreement signed with Shenango extends and modifies the existing agreement regarding coke supply. The existing agreement would expire at the end of 2005. The recent agreement will be effective till the end of 2009. The company officials stated that AK Steel is also negotiating for other long-term raw material agreements.