All Things Business

Tentative Agreement Reached On New Labor Contract For Mansfield Works

14 Apr , 2021  

Special to 1812Blockhouse

On Monday, Cleveland-Cliffs Inc. announced a tentative agreement with the United Steelworkers (USW) for a new 53-month labor contract that is effective as of April 1, 2021. The new contract will cover approximately 300 USW-represented workers at the Mansfield Works steel mill.

Lourenco Goncalves, Chairman, President and CEO, stated, “We are pleased to reach a new labor contract with the USW for our employees at Mansfield Works, one of our several EAF steel mills. As we have done in previous Union contract negotiations, once again the Cliffs’ team was able to expeditiously get to a deal that is fair and equitable to both parties.” More…

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All Things Business

Report States AK Steel Mill To Reopen

22 May , 2020  

By: 1812Blockhouse Staff

The website Industrial Info Resources is reported that a local mill will soon be reopening.

According to the article, which can be accessed here, AK Steel will restart operations at its Mansfield stainless steel mill.

In April, we shared news of a reported idling of the mill by owner Cleveland Cliffs due to decreased sales, which subsequently took place.

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All Things Business

AK Steel Parent Company Provides Update

16 Apr , 2020  

As we shared near the start of the month, the AK Steel mill in Mansfield was idled on April 4 on an extended outage.

The mill’s parent company, Cleveland Cliffs, Inc., shared an update on its total operations on Wednesday that includes the impact of COVID-19, cost cutting measures it has undertaken, and preliminary first quarter 2020 results:


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All Things Business

AK Steel To Idle Mansfield Mill, Industry Media Site Reports

2 Apr , 2020  

In a story published on Wednesday, Argus Media reported that AK Steel is planning to idle its flat-rolled stainless steel mill in Mansfield effective April 4.

The post cites a representative of owner Cleveland-Cliffs, who shared that the decision was tied to the current conditions in the automobile industry. American car manufacturers are experencing sharp sales declines given the impact of the cornavirus health crisis at the same time that factories have temporarily ceased production. More…

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All Things Business

AK Steel Reports First Quarter Financial Results

5 May , 2018  

This past week, AK Steel reported its financial results for the first quarter of 2018.

First Quarter 2018 Highlights

  • Net income of $28.7 million, or $0.09 per diluted share
  • Adjusted EBITDA of $118.7 million, or 7.2% of sales
  • Revenues of $1,658.9 million, an 8.2% increase from first quarter 2017



All Things Business

AK Steel In Mansfield Signs Seven Year Contract For Scrap Services

20 Feb , 2018  

Late last week, Harsco Corporation announced that its Metals & Minerals division has expanded its business relationship with AK Steel, a leading U.S. producer of flat-rolled steel products.  The agreement calls for the use of Harsco’s innovative ScrapMaster™ program for scrap management services including inbound scrap handling and inspection, basket preparation and hauling, and delivery route maintenance at AK Steel’s Mansfield site. More…