Final Thoughts
November 3, 2014
Final Thoughts
Written by John Packard
We didn’t get the transcript of the AK Steel earnings conference call until this evening. A little late to do a full blown article. However, there were a few items that I wanted to point out to our readers. AK Steel reported that approximately 50 percent of their business is related to automotive. They reported automotive business is up about 6 or 7 percent while their automotive business (not counting Dearborn) was up 12 percent. AK reported that they are gaining automotive market share.
AK’s automotive shipments were the highest since the first quarter 2006.
