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27 Jan
19:13

AK Steel focuses on auto for 2016 stability

AK Steel plans to concentrate on its automotive shipments to weather an anticipated still-difficult 2016 steel market, Kallanish learns from the company’s year-end conference call with analysts. Ceo Roger Newport says that automotive shipments made up about 58% of the company’s total shipments in the fourth quarter. Doubling down on that sector by producing higher-value, advanced high-strength steels should allow AK to capitalise on continued proj…
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