27
Oct
21:02
US steelmaker AK weathers uncertain raw material market
Volatility in the raw material market remains a wildcard factor for US steelmaker AK Steel, it says. The company is taking steps however to even out the most extreme peaks and troughs, Kallanish learns from the company’s third quarter earnings conference call.
In response to an analyst question about Chinese iron ore recently increasing in price by 6%, AK executives say hedging has been key to keeping volatility to a minimum.
“There's a p…
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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