Edition:
India

AK Steel Holding Corp (AKS.N)

AKS.N on New York Stock Exchange

2.22USD
1:32am IST
Change (% chg)

$-0.08 (-3.48%)
Prev Close
$2.30
Open
$2.29
Day's High
$2.31
Day's Low
$2.19
Volume
1,160,877
Avg. Vol
1,716,634
52-wk High
$5.40
52-wk Low
$2.06

Latest Key Developments (Source: Significant Developments)

AK Steel Holding Corp Sees 2019 Flat-Rolled Steel Shipments Of About 5.9 Mln Tons
Tuesday, 29 Jan 2019 

Jan 28 (Reuters) - AK Steel Holding Corp ::AK STEEL HOLDING CORP SEES 2019 FLAT-ROLLED STEEL SHIPMENTS OF ABOUT 5.9 MILLION TONS - PRESENTATION.AK STEEL HOLDING CORP SEES 2019 AVERAGE FLAT-ROLLED SELLING PRICE ROUGHLY THE SAME AS 2018.AK STEEL HOLDING CORP SEES 2019 MAJOR MAINTENANCE OUTAGES OF ABOUT $70-80 MILLION.  Full Article

Ak Steel Reports Q4 Adj EPS Of $0.16
Tuesday, 29 Jan 2019 

Jan 28 (Reuters) - AK Steel Holding Corp ::AK STEEL ANNOUNCES FOURTH QUARTER AND FULL-YEAR 2018 FINANCIAL RESULTS; PROVIDES 2019 OUTLOOK.SEES FY 2019 EARNINGS PER SHARE $0.51 TO $0.57.Q4 ADJUSTED EARNINGS PER SHARE $0.16.Q4 EARNINGS PER SHARE $0.11.Q4 SALES $1.677 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.7 BILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.11 -- REFINITIV IBES DATA.PLANS TO CLOSE LARGELY-IDLED ASHLAND WORKS.230 PEOPLE CURRENTLY WORK AT ASHLAND WORKS.EXPECTS MORE THAN $40 MILLION IN ANNUAL COST SAVINGS WHEN CLOSURE OF LARGELY-IDLED ASHLAND WORKS COMPLETE.AK STEEL - TO CLOSE ASHLAND WORKS BY END OF 2019 TO RAISE UTILIZATION AT OTHER U.S. OPERATIONS; WILL OFFER EMPLOYEES OPEN JOBS AT OTHER FACILITIES.AK STEEL HOLDING - EXPECTS TO INVEST ABOUT $650 MILLION IN MAINTENANCE AT ITS FACILITIES IN 2019 & MAKE ANOTHER $170 MILLION TO $190 MILLION IN CAPITAL INVESTMENTS.PRODUCTION VOLUMES AND CUSTOMER SHIPMENTS ARE NOT EXPECTED TO BE IMPACTED BY ASHLAND WORKS CLOSURE.ASSOCIATED WITH CLOSURE OF ASHLAND WORKS, COMPANY EXPECTS TO RECORD A CHARGE OF APPROXIMATELY $80 MILLION DURING Q1 OF 2019.ALSO EXPECTS TO RECORD EXPENSES OF APPROXIMATELY $14 MILLION OVER FULL-YEAR 2019 ASSOCIATED WITH CLOSURE OF ASHLAND WORKS.FOR 2019, COMPANY CURRENTLY EXPECTS NET INCOME TO BE IN A RANGE OF $160 TO $180 MILLION, OR $0.51 TO $0.57 PER DILUTED SHARE.EXPECTS TO MAKE CAPITAL INVESTMENTS OF BETWEEN $170 AND $190 MILLION IN 2019.QTRLY FLAT-ROLLED STEEL SHIPMENTS 1.39 MILLION TONS VERSUS 1.34 TONS.  Full Article

AK Steel Q2 Earnings Per Share $0.18
Tuesday, 31 Jul 2018 

July 30 (Reuters) - AK Steel Holding Corp ::ANNOUNCES SECOND QUARTER 2018 FINANCIAL RESULTS AND THIRD QUARTER OUTLOOK.Q2 EARNINGS PER SHARE $0.18.Q2 EARNINGS PER SHARE VIEW $0.20 -- THOMSON REUTERS I/B/E/S.Q2 REVENUE $1.747 BILLION VERSUS I/B/E/S VIEW $1.75 BILLION.HOLDING CORP - "ANTICIPATES THAT MARKET CONDITIONS WILL REMAIN STRONG IN Q3".HOLDING CORP - SEES INCREASE IN FLAT-ROLLED SHIPMENTS IN Q3 OF ABOUT 5% VERSUS Q2.HOLDING CORP - SEES Q3 AVERAGE SELLING PRICE PER FLAT-ROLLED TON OF $1,105.HOLDING CORP - SEES PLANNED OUTAGE COSTS OF APPROXIMATELY $8.0 MILLION IN Q3.HOLDING CORP QTRLY SELLING PRICE PER FLAT-ROLLED STEEL TON $1,101 VERSUS $1,040.HOLDING CORP - QTRLY FLAT-ROLLED STEEL SHIPMENTS 1.4 MILLION TONS VERSUS 1.4 MILLION TONS.HOLDING CORP - IN Q3, COMPANY EXPECTS MARGINS TO IMPROVE BY ABOUT 50 BASIS POINTS FROM Q2 OF 2018.  Full Article

AK Steel Holding Corp Sees Q2 2018 Flat-Rolled Shipments About 5 Pct To 7 Pct Higher Relative To Q1 2018
Monday, 30 Apr 2018 

April 30 (Reuters) - AK Steel Holding Corp ::AK STEEL HOLDING CORP SEES Q2 2018 FLAT-ROLLED SHIPMENTS ABOUT 5 PERCENT TO 7 PERCENT HIGHER RELATIVE TO Q1 2018 - SEC FILING.AK STEEL HOLDING CORP SEES Q2 2018 AVERAGE FLAT-ROLLED SELLING PRICE ABOUT $1,075 PER TON.AK STEEL HOLDING CORP SEES Q2 2018 DOWNSTREAM REVENUE ABOUT $130 MILLION TO $150 MILLION.AK STEEL HOLDING CORP SEES Q2 2018 ADJUSTED EBITDA MARGIN ABOUT 150-200 BASIS POINTS HIGHER RELATIVE TO Q1 2018.AK STEEL HOLDING CORP SEES FY 2018 CAPITAL INVESTMENTS OF ABOUT $160 MILLION.AK STEEL HOLDING CORP - WORKING CAPITAL EXPECTED TO BE ROUGHLY FLAT FOR FULL-YEAR 2018.  Full Article

AK Steel Holding Rpeorts Qtrly Earnings Per Share Of $0.09
Monday, 30 Apr 2018 

April 30 (Reuters) - AK Steel Holding Corp ::QTRLY EARNINGS PER SHARE $0.09.QTRLY NET SALES $1,658.9 MILLION VERSUS $1,533.4 MILLION AS ADJUSTED A YEAR AGO.AK STEEL HOLDING SAYS QTRLY AVERAGE SELLING PRICE PER FLAT-ROLLED TON UP 4 PERCENT TO $1,045 FROM $1,005 IN SAME QUARTER A YEAR AGO - SEC FILING.Q1 REVENUE VIEW $1.57 BILLION -- THOMSON REUTERS I/B/E/S.FLAT-ROLLED STEEL SHIPMENTS OF 1.4 MILLION TONS FOR Q1 2018 WERE 2% LOWER THAN SAME QUARTER A YEAR AGO.AK STEEL - DECREASE IN FLAT-ROLLED STEEL SHIPMENTS DURING QUARTER WAS PRIMARILY RESULT OF SLIGHTLY LOWER DEMAND IN AUTOMOTIVE MARKET COMPARED TO PRIOR YEAR.  Full Article

Ak Steel Announces Update On Middletown Works
Monday, 22 Jan 2018 

Jan 22 (Reuters) - Ak Steel Holding Corp ::AK STEEL ANNOUNCES UPDATE ON MIDDLETOWN WORKS.AK STEEL HOLDING CORP - CURRENTLY ESTIMATE THAT MELT SHOP WILL RE-COMMENCE OPERATIONS IN APPROXIMATELY 8-10 DAYS.AK STEEL HOLDING CORP - ‍NO EMPLOYEES WERE INJURED AND REPAIRS ARE UNDERWAY AT MIDDLETOWN WORKS FACILITY​.AK STEEL HOLDING CORP - ‍ON SATURDAY MORNING, JANUARY 20, A LADLE AT CASTER AT MIDDLETOWN WORKS FACILITY MALFUNCTIONED, RELEASING LIQUID STEEL​.AK STEEL HOLDING CORP - ANTICIPATE THAT OUTAGE WILL REDUCE OUR SALES TO COMMODITY CARBON SPOT MARKET.AK STEEL HOLDING CORP - DO NOT CURRENTLY EXPECT ANY MATERIAL IMPACT ON SHIPMENTS TO CONTRACT CUSTOMERS, INCLUDING AUTOMOTIVE CUSTOMERS.  Full Article

AK Steel Says UAW Members Ratify Labor Agreement For Dearborn Works
Friday, 15 Dec 2017 

Dec 15 (Reuters) - Ak Steel Holding Corp ::AK STEEL HOLDING CORP - MEMBERS OF UNITED AUTO WORKERS, LOCAL 600, HAVE RATIFIED A THREE-YEAR, SEVEN-MONTH AGREEMENT.AK STEEL HOLDING CORP - AGREEMENT WILL BE IN EFFECT UNTIL JULY 31, 2021.AK STEEL HOLDING CORP - AGREEMENT COVERS ABOUT 1,180 HOURLY PRODUCTION AND MAINTENANCE EMPLOYEES AT COMPANY'S DEARBORN WORKS.  Full Article

USW Members ratify labor agreement with AK Tube​
Monday, 13 Nov 2017 

Nov 13 (Reuters) - AK Steel Holding Corp ::Says members of United Steel Workers Local 1915 have ratified a 3 year labor agreement with co's wholly-owned subsidiary, AK Tube LLC​.Says ‍new agreement is effective on January 22, 2018 until January 22, 2021​.  Full Article

AK steel announces Q3 loss per share $0.02
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - AK Steel :AK steel announces financial results for third quarter 2017.Q3 sales $1.49 billion versus I/B/E/S view $1.52 billion.Q3 loss per share $0.02.Q3 earnings per share view $0.04 -- Thomson Reuters I/B/E/S.AK Steel Holding Corp - qtrly ‍average selling price per flat-rolled steel ton increased 2% to $1,021 from $1,001 in same quarter a year ago​.AK Steel Holding Corp - ‍Q3 flat-rolled steel shipments declined 2% to 1,368,600 tons from 1,397,900 tons in Q3 a year ago​.AK steel- ‍higher raw material costs, particularly for scrap, chrome, zinc, other alloys, contributed to decline in qtrly results versus Q3 year ago​.AK Steel Holding Corp - ‍results for Q3 of 2017 included a lifo charge of $49.0 million​.  Full Article