AK Steel posts ninth straight loss in 3d qtr. amid outage

Oct 22, 2013 | 03:34 PM | Catherine Ngai

Tags  AK Steel, Middletown Works outage, automotive, quarterly earnings, quarterly loss, steel shipments, Catherine Ngai

NEW YORK — Effects from an unplanned outage at AK Steel Corp.’s Middletown, Ohio, blast furnace, coupled with a seasonal decrease in shipments to the automotive sector, led the company to report a $31.7-million net loss for the third quarter.

While this marked the company’s ninth consecutive quarterly loss, it narrowed from a $60.9-million net loss in the same period a year ago and $40.4-million loss in the second quarter.....

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