28
Jan
21:50
AK expects leaner 2019 after record 2018 profits
US steel producer AK Steel expects its 2019 earnings to be slightly below its record 2018 earnings, Kallanish learns from the company’s annual earnings review.
AK posted a net income of $186 million in 2018 on sales of $6.82 billion, up from a profit of $103.5m on sales of $6.08 billion in 2017. AK’s 2018 income represents its best year since the Great Recession of 2008-2009.
In 2019, the company plans to report earnings between $160-180m. This gu…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous