Steel Mills
January 30, 2018
Outages at AK Impact Earnings; Middletown Resumes Operations
Written by Sandy Williams
Planned maintenance outages at AK Steel contributed to a net loss of $107.9 million in the fourth quarter. Net sales during the quarter increased 5 percent to $1.5 billion, however, driven by incremental sales from recently acquired Precision Partners.
Flat rolled shipments declined to 1,337,100 tons in the quarter from 1,385,500 tons in Q4 2016 due to lower automotive demand. The average selling price per flat rolled ton increased 4 percent to $1,024 as a result of higher spot market pricing and higher automotive selling prices.
