Knoxville-based company gets multi-million dollar contract with AK Steel

WEST CHESTER, Ohio (AP) -- AK Steel has approved a 20-year supply contract with Knoxville-based SunCoke Energy to provide AK's Middletown Works with metallurgical-grade coke and electrical power.

The deal must still be approved by Middletown officials.

The coke and power would come from a new $340-million facility to be constructed, owned and operated by SunCoke adjacent to the Middletown Works.

SunCoke, based in Tennessee, also is seeking economic incentives to build and operate the proposed plant, which would be capable of producing about 550,000 tons of coke and 50 megawatts of electrical power a year.

A zoning change and other city permits will be required.

(Copyright 2008 by The Associated Press. All Rights Reserved.)


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