AK’s 1st-quarter loss narrows as pricing outlook improves

Apr 23, 2013 | 02:11 PM | Catherine Ngai

Tags  AK Steel, electrical steel, James Wainscott, raw materials, flat products, Catherine Nga

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 steelmaker’s 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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