AK Steel has announced that members of the United Autoworkers (UAW) Local 3462 have ratified a three-year extension to a labour agreement covering about 340 hourly production and maintenance employees at the company’s Coshocton, Ohio, US Works. The new agreement extends the existing contract to 31 March 2013. The contract had been scheduled to expire 31 March 2010. The extension agreement includes lump sum payments of USD 1000 to each represented employee covered by the contract in 2010, 2011 and 2012, while all other contract provisions remain unchanged.