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Tube City and AK Steel ink scrap deal.

AK Steel has entered into an agency agreement with Tube City LLC to purchase ferrous scrap for all of AK Steel's steel-making facilities.

As part of the agreement, Tube City will be responsible for negotiating the majority of carbon scrap and pig iron purchases for AK Steel plants in Ashland, Ky.; Butler, Pa.; and Mansfield and Middletown, Ohio. Additionally, Tube City will be responsible for ferrous scrap scheduling, logistics and quality assurance for AK Steel plants.

"This agreement with Tube City continues AK Steel's efforts to develop long-term agreements with suppliers of key raw materials," James Wainscott, president and CEO of AK Steel, says. "We look forward to working with Tube City as a strategic partner to help us improve costs, quality and reliability as related to our scrap requirements."

Tube City is a long-time supplier of scrap and related services to AK Steel. It is a subsidiary of Horsham, Pa.-based Tube City IMS Corp., which operates at 64 mill facilities in the United States, Canada and Europe.
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Title Annotation:SCRAP INDUSTRY NEWS
Publication:Recycling Today
Article Type:Brief Article
Geographic Code:1USA
Date:Sep 1, 2005
Words:169
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