Better days ahead for steel: AK's Wainscott
Apr 24, 2012 | 04:37 PM
| Chris Prentice
NEW YORK The outlook for domestic flat-rolled steel demand continues to improve, AK Steel Holding Corp.s top executive said Tuesday, even as overcapacity headwinds continue to overshadow the slowly recovering sector.
"In general, we continue to see a slow but steady economic recovery," chairman, president and chief executive officer James L. Wainscott said during a conference call with investors Tuesday. "I know that sounds like a bit of a broken record, but its the most accurate description of what we continue to observe."
As a result of the forecast improvement, the company said it expects to turn a profit in the second quarter after three consecutive quarterly losses.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.