Steel Mills
March 20, 2015
Imports to Impair AK Steel Earnings in Q1
Written by Sandy Williams
Unfairly traded imports are negatively impacting AK Steel earnings in the first quarter of 2015. AK Steel expects a net loss of $0.23 to $0.28 per diluted share in the first quarter due to low carbon steel shipment and spot prices as a result of “unexpectedly” high levels of imports.
Shipments are expected to decrease by 14 percent from Q4 for an approximate total of 1.73 million tons. Demand from the automotive market remains strong.
