22
Jun
01:00
High imports, low selling prices impacting AK Steel in Q2
Despite higher sequential quarterly shipments, AK Steel will post a second quarter loss as it continues to be impacted by high import levels, lower average selling prices, and a less rich product mix. The integrated steelmaker expects to report a Q2 net loss of $0.37-0.42/diluted share.
Q2 shipments are expected to be up 3% from the previous quarter to about 1.8 million short tons, driven by higher shipments to the carbon steel spot market and continued stre…
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