Ohio-based AK Steel forecasted that its shipments would be at around 1.34 million~1.36 million net tons in the second quarter of this year, up by around 4%~5% in comparison of 1.289 million net tons in the first quarter. Besides, the company expected that its shipments to the automobile and carbon spot markets would increase in the second quarter. However, AK Steel predicted that its average selling prices for the second quarter would fall by 1% quarter on quarter to US$1,055/ton, affected by lower spot market prices for carbon steel products. AK Steel forecasted a net loss of US$0.33~US$0.38 per diluted share of common stock for the second quarter of this year.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=64929&division=A6
