AK Steel anticipates fourth-quarter loss

Nov 13, 2012 | 03:33 PM | Chris Prentice

Tags  AK Steel, flat-rolled steel, carbon steel, stainless steel, earnings forecast, Chris Prentice

NEW YORK — AK Steel Corp. said it expects to report a fourth-quarter loss of between 67 and 72 cents per diluted share due to a decline in average selling prices and expected tax expenses.

While the West Chester, Ohio-based steelmaker is forecasting higher shipment volumes in the fourth quarter—between 1.375 million and 1.4 million tons vs. about 1.36 million tons in the third quarter—it also expects to see a 5-percent decline in average selling prices.....

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