Steel Mills
December 19, 2013
AK Steel Guides to Higher Flat Rolled Steel Demand
Written by Sandy Williams
AK Steel announced its fourth quarter earnings guidance and expects to realize net income of $0.01 to $0.06 per diluted share.
Steel shipments are expected to increase by 13 percent to 1,400,000 tons in the fourth quarter compared to 1,242,400 tons in the third quarter. The company says demand has increased, especially in carbon sales to the spot market. The average selling price in Q4 is expected to decrease 4 percent to $1,071 per ton due to a lower percentage of value-added shipments in the spot market. The higher shipping volume is expected to more than offset the lower average selling price.
