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November 13, 2012
06:53 EDTAKSAK Steel now expects shipments of approximately 1.375M to 1.40M tons in Q4
This compares to shipments of 1,363,500 tons in Q3 of 2012. The company said it expects that its average selling price for all products for Q4 of 2012 will decline by approximately 5% from its average selling price of $1,073 per ton for Q3 of 2012. This reduction in average selling price is largely the result of two factors: lower average spot market prices for carbon steel products compared to the third quarter, due primarily to a decline in global economic and business conditions; and reduced raw material surcharges, due to lower raw material costs.
News For AKS From The Last 14 Days
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June 30, 2015
14:34 EDTAKSIron ore producers slide after Australia cuts price target on the commodity
Shares of iron ore producers are falling after Reuters reported that Australia reduced its 2015 price forecast for iron ore to $54.40 a tonne from $60.40 a tonne. According to Reuters, Australia's current projection on iron ore prices is based on its view that China, the commodity's main market, will produce less steel in 2015 and 2016 as as the seaborne supply of iron ore increases. PRICE ACTION: Cliffs Natural Resources (CLF) is down over 10%, BHP Billiton (BHP) is lower by 2.3%, and Vale (VALE) is down 4% in afternoon trading. Steel stocks, including United States Steel (X), AK Steel Holding (AKS), and Nuco (NUE) are also sliding in afternoon trading.
June 22, 2015
12:33 EDTAKSSteel stocks lag market after AK Steel sees Q2 results hindered by imports
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June 19, 2015
17:33 EDTAKSAK Steel sees Q2 EPS (42c)-(37c), consensus (27c)
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