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AKS posts 4Q $431 Loss |
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Middletown News
Prominent MUSA Citizen Joined: Apr 29 2008 Location: United States Status: Offline Points: 1100 |
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Posted: Jan 27 2009 at 11:06am |
AK Steel, West Chester, Ohio Fourth-quarter loss totalled $430.6-million (U.S.), or $3.88 per share, and underscored the difficulties facing steel companies as customers in the automotive, construction and industrial equipment slash orders. A year earlier, it earned $106.7-million, or 95 cents per share.
Total Sales fell 14 per cent to $1.46-billion. |
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John Beagle
MUSA Official Joined: Apr 23 2007 Location: Middletown Status: Offline Points: 1855 |
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AK Steel said it expects shipments in the first quarter of 2009 to be in a range between 850,000 and 900,000 tons.
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