Steel Mills
December 18, 2015
Import Pricing and Volume Reduce Q4 Shipments at AK Steel
Written by Sandy Williams
AK Steel joins other steelmakers in reporting reduced shipment volumes for fourth quarter. In its guidance report, the company says it expects shipments of approximately 1.6 million tons, down 14 percent from Q3. The decrease is a result of reduced sales in the carbon steel spot market due to the adverse impact of pricing from high levels of imported steel.
Average selling price per ton is expected to increase two percent from third quarter to approximately $930 per ton. AK Steel attributes the slight increase to a great mix of higher value products sold to the automotive market.
