AK Steel expects to report a loss of up to 28 cents per share in the first quarter.
The West Chester-based steel maker late Thursday announced the earnings guidance, which it said is being driven by lower than expected carbon steel spot market shipments and prices driven by unexpectedly high levels of unfairly traded imports.
The news drove AK Steel shares down 8.7 percent, or 37 cents, to $3.83 per share in mid-morning trading on Friday. It is shaping up to be a day of heavy trading for AK Steel…Friday, March 20, 2015
AK Steel expects to lose money in Q1
AK Steel expects to report a loss of up to 28 cents per share in the first quarter.
The West Chester-based steel maker late Thursday announced the earnings guidance, which it said is being driven by lower than expected carbon steel spot market shipments and prices driven by unexpectedly high levels of unfairly traded imports.
The news drove AK Steel shares down 8.7 percent, or 37 cents, to $3.83 per share in mid-morning trading on Friday. It is shaping up to be a day of heavy trading for AK Steel…
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