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AK Steel, union announce tentative settlement

The announcement of a tentative settlement in a year-long lockout at A.K. Steel's Middletown mill sent the steelmaker's stock soaring, but some union workers' reactions were more reserved.

Some workers said they had mixed emotions or that they needed more information.

The company and the union declined to discuss terms of the proposal which, if ratified, would end the nation's longest current major work stoppage.

The president of the local union says it would be at least five to seven days before a vote would be held, and the local's executive committee hadn't yet endorsed the proposal.

The company has continued to operate the mill, about 30 miles north of Cincinnati, with replacement workers and salaried employees.