25
Oct
22:01
AK anticipates strong Q4 ahead
The US’ AK Steel predicts the strength it witnessed during the third quarter to roll through at least the end of the year, Kallanish learns from the company’s Q3 earnings review and guidance.
AK earned $67.2m on sales of $1.74 billion in Q3.
AK expects flat-rolled shipments to stay flat from Q3 to Q4 due to seasonal downturns auto shipments being offset by spot market opportunities in the distribution and conversion sector.
Average selling pric…
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Anonymous
Very good overview of the weekly steel market.
Anonymous