18
Dec
15:44
AK Steel expects hefty Q4 loss
Impairment charges and lower shipments will lead AK Steel to report a loss in the fourth quarter, Kallanish learns from company guidance.
AK expects to lose $0.33-0.38/diluted share in Q4. The company posted a net profit of $0.04/diluted share, or $6.7 million, in Q3 and a profit of $0.07/diluted share, or $13.5 million, in Q4 last year.
AK’s Q4 results will include $0.42/diluted share in impairment charges tied to its decision to idle its Ashland, Kent…
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