26
Apr
17:49
AK posts landmark Q1 profit on margin strength
US steel producer AK Steel recorded a profit of $62.5 million for the first quarter, the company’s best quarterly income result since the Great Recession, Kallanish reports.
In Q1 2016, AK posted a loss of $13.6m. The company credits its enhanced earnings to a shift toward higher-margin products and better overall pricing.
“Our first quarter performance reflected the ongoing benefits of our margin enhancement activities, strong operational focus a…
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Anonymous
Very good overview of the weekly steel market.
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