10
Mar
12:19
Moody's upgrades AK Steel
Ratings agency Moody’s has upgraded US steelmaker AK Steel as the company works to limit its exposure to the low-margin spot market, Kallanish reports.
“Despite the roughly -15% decrease in shipments in 2016 over 2015, gross and operating profit margins in 2016 (including Moody's standard adjustments) increased to 14.2% and 3.9% from 10% and 2.4%, respectively,” the agency says in its rationale. “Based upon the company's guidance …
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Anonymous
Very good overview of the weekly steel market.
Anonymous