01
Nov
16:37
AK Steel records Q3 loss
US integrated steelmaker AK Steel reported a loss in the third quarter, primarily due to its debt service and acquisition of downstream auto tooling company Precision Partners, Kallanish reports.
The company lost $5.8 million on sales of of $1.49 billion – including $4.7m linked to the Precision Partners acquisition and $8.4m linked to debt service.
"Our financial results for the third quarter are in line with the guidance we provided in July,&rdqu…
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