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AKS Shares Advance 6.39% Today

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John Beagle View Drop Down
MUSA Official
MUSA Official

Joined: Apr 23 2007
Location: Middletown
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    Posted: Nov 06 2012 at 4:19pm
AK Steel (AKS) shares are up 6.39% after the company announced late Monday that it will increase current spot-market base prices for all carbon flat-rolled steel products by $50 per ton immediately.

"The move was consistent with our near-term bullish steel call, which was predicated on a second increase, supported by increasing raw-material prices, extending lead times and firming global prices," analysts at Dahlman Rose & Co. wrote in a note.

Current position: Long AKS
John Beagle

Middletown USA

News of, for and by the people of Middletown, Ohio.
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