30
Oct
20:48
AK Steel profits plummet in Q3
US steel producer AK Steel saw its profits drop sharply on-year, Kallanish learns from the company’s third-quarter earnings review.
AK earned $2.8 million on sales of $1.5 billion in Q3, down from income of $67.2m on -12% lower sales in Q3 2018.
“Our third quarter results were essentially in line with our expectations despite a challenging environment.,” says ceo Roger Newport. “We continued to make solid progress in our strategy to fo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous