26
Apr
17:32
AK trims losses due to higher-value focus
AK Steel credits its significantly reduced losses in the first quarter to its decision to scale back its commodity exposure, Kallanish learns from the company’s earnings review.
AK posted a net loss of $13.6 million on sales of about $1.52 billion in the first quarter, down from a loss of $306.3m on sales of $1.75 billion in Q1 2015. Last year’s Q1 included a one-time charge of $256.3m as a result of AK’s investment in bankrupt iron ore company…
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Anonymous
Very good overview of the weekly steel market.
Anonymous