Union president: AK Steel to change its name

[TexasTowelie]

AK Steel will change its name, possibly to match owner Cleveland-Cliffs, according to Neil Douglas, president of IAM Local 1943.

He said Cleveland-Cliffs, which purchased AK Steel for $1.1 billion in 2020, sent out an internal email Friday announcing the name change.

Also last year, Cleveland-Cliffs Inc. bought the U.S. assets of ArcelorMittal for $1.4 billion. The deal made Cleveland-Cliffs the largest flat-rolled steel producer in North America, officials said.

Douglas said the name change “makes sense” since Cleveland-Cliffs has acquired so many companies. He doesn’t believe the name change will impact operations at the Middletown Works.

Read more: https://www.daytondailynews.com/business/union-president-ak-steel-to-change-its-name/7BNDKPDGABFDHGI7EX65NYSEWI/