28
Apr
01:00
AK Steel swings to Q1 loss on flood of imports
Despite strong sales in the automotive markets, a flood of imports significantly impacted AK Steel’s shipments and selling prices in the first quarter. Q1 brought a “tidal wave” of what the steelmaker believes were unfairly traded foreign steel imports, says president and ceo James Wainscott in a Q1 earnings report reviewed by Kallanish.
AK posted a Q1 net loss of $306.3m on sales of $1.75bn and shipments of 1.75m tons. Both sales and shipm…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous