AK’s 1st-quarter loss narrows as pricing outlook improves
Apr 23, 2013 | 02:11 PM
| Catherine Ngai
NEW YORK AK Steel Corp. posted its seventh consecutive quarterly loss in the first three months of this year, but the steelmaker expects an improvement in spot market pricing to play out later this year.
The West Chester, Ohio-based steelmakers first-quarter net loss totaled $9.9 million, a far cry from a $230.4-million loss in the fourth quarter of 2012 and a 16.1-percent improvement from an $11.8-million loss a year earlier.....
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