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MIDDLETOWN, Ohio (AP) -- Steel products producer AK Steel Holding Corp. said Friday it reached a tentative agreement for a new labor contract with the United Auto Workers, a union representing about 190 employees at a Rockport, Indiana plant.
The agreement is expected to be voted on by local union members within a week, the company said.
The current contract will expire Sept. 30. The new contract, if ratified, will run from Aug. 1 to Sept. 30, 2013.
Shares rose 85 cents, or 2.3 percent, to $37.82 in midday trading.
Questions or comments about this story should be directed to the Financial News desk of The Associated Press at 212-621-7190.
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