30
Jul
15:07
AK survives second-quarter flats pricing drops, lowers guidance
Steep drops in US carbon flat-rolled pricing failed to dent AK Steel’s second quarter profits, though the company has been forced to reduce its annual guidance, Kallanish learns from the company’s quarterly earnings review.
AK earned $66.8 million in Q2 on sales of $1.7 billion – up 18% and down -4%, respectively, from Q2 2018.
AK attributes the on-year sales decline to lower automotive shipments and lacklustre spot market pricing.
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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