AK Execs Report Strong Earnings, Strong Views on Trade

AK Steel reported solid first-quarter earnings but continued to advocate for trade action to curb unfair imports. “The high level of imports, particularly the ongoing surge of foreign electrical steel, remains a challenge, and we will continue to work proactively with the Trump administration to ensure fair and appropriate trade policies,” said AK Steel CEO Roger Newport, during the company’s conference call on Monday.

The West Chester, Ohio, steelmaker reported earnings of $28.7 million on revenues of nearly $1.66 billion in the first quarter, an increase of 8.2 percent over first-quarter 2017.