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AKS posts 4Q $431 Loss

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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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Post Options Post Options   Thanks (0) Thanks(0)   Quote John Beagle Quote  Post ReplyReply Direct Link To This Post Posted: Jan 27 2009 at 11:19am
AK Steel said it expects shipments in the first quarter of 2009 to be in a range between 850,000 and 900,000 tons.

John Beagle
Middletown USA
News of, for and by the people of Middletown, Ohio.
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