Steel Mills
April 28, 2015
Imports Cause AK Steel Significant “Injury and Harm”
Written by Sandy Williams
AK Steel earnings in first quarter were challenged by high levels of imported carbon steel products, said CEO James Wainscott.
“The first quarter of 2015 was certainly more challenging than we anticipated. That because of the extremely high level of imported carbon steel products–unfairly traded imports, in our opinion–that hit our countries shores at the expense of domestic production and shipments. As a result AK Steel we produced and sold less steel in the carbon steel spot market than we intended. And that steel we did sell in the spot market was at decidedly lower selling prices than we expected.
