Steel Mills
December 18, 2014
AK Steel Shipments Projected to be Up 37% in Q4
Written by Sandy Williams
AK Steel expects shipments to increase by 37 percent to 2 million tons in the fourth quarter of 2014. In the company’s earnings guidance, AK Steel said, despite $321 million in costs associated with the outage at Ashland Works, it expects higher EBITDA than third quarter and net income of $0.05 to $0.10 per diluted share.
Average selling prices in the fourth quarter were approximately $980/ton, 10 percent less than the previous quarter, due to a higher mix of hot rolled coil shipments from Dearborn Works and lower spot prices.
