It’s reported that Ohio-based AK Steel released its guidance for its financial result for the first quarter of 2013. The company forecasted a net loss of US$0.09~US$0.13 per diluted share of common stock for the first quarter of 2013, better than a net loss of US$1.89 per diluted share in the fourth quarter of 2012. Meanwhile, AK Steel said that the shipments would be at around 1.275 million~1.3 million tons in the first quarter, lower than 1.406 million tons in a quarter ago. AK Steel planned to raise its shipments to automotive market in the first quarter of 2013. In addition, the company expected that the selling prices to increase by around 5% quarter on quarter in the first quarter to around US$1,060/ton.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=63632&division=A6
