AK Steel (AKS) Q2 Miss Expected; Goldman Maintains Sell
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AK Steel (AKS) Sees Wider-than-Expected Q2 Loss
June 17, 2013 8:32 AM EDTAK Steel (NYSE: AKS) today provided guidance for its second quarter of 2013 financial results.
AK Steel said that it expects shipments of approximately 1,340,000 to 1,360,000 tons in the second quarter of 2013 compared to shipments of 1,289,800 tons in the first quarter of 2013, an increase of approximately 4% to 5%. For the second quarter of 2013, the company said it expects increased shipments to the automotive market and carbon spot market compared to the previous quarter.
The company expects its average selling price per-ton for the second quarter of 2013 to decrease by approximately 1%, to about $1,055... More
