AK Steel expects to return to black in 4th qtr.

Dec 18, 2013 | 06:47 PM | Catherine Ngai

Tags  steel, AK Steel, hot-rolled steel, flat-rolled steel, quarterly guidance, Catherine Ngai

NEW YORK — AK Steel Corp. expects to report a fourth-quarter profit—its first quarter in the black after nine consecutive quarterly losses—on the back of strong demand in the carbon spot market.

In its fourth-quarter guidance issued Dec. 18, the West Chester, Ohio-based steelmaker said it expects to realize net income of 2 to 6 cents per diluted share on shipments of about 1.4 million tons, in contrast to a net....

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