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30 Apr
18:12

Ashland closure pushes AK Steel into the red

US steel producer AK Steel fell into the red during the first quarter, Kallanish learns from the company’s Q1 earnings review. AK registered a net loss of $4.5 million on sales of $1.7 billion in Q1, down from a profit of $28.7m on sales of $1.43 billion in Q1 2018. AK’s Q1 earnings include a $77.4m charge related to the closure of its Ashland, Kentucky, site, which has been idled since December 2015. “Our solid first quarter operating perfo…
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