AK 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
Check below for free stories on AKS the last two weeks.