Steel Mills

AK Steel Expects Loss in Q2
Written by Sandy Williams
June 20, 2015
In its second quarter 2015 earnings guidance, AK Steel said it expects to report a net loss of $0.37 to $0.42 per diluted share of common stock. The company attributed negative results to low steel prices caused in part by high levels of unfairly traded imports.
Shipments of 1.8 million were up 3 percent from first quarter due to more shipments to the carbon steel spot market and strength in the automotive market.
Average selling price decreased by 7 percent q/q to $929 per ton. Pricing was negatively impacted by import competition and a weaker mix of products to the carbon spot market. Low prices were partially offset by lower costs for raw materials (scrap and iron ore pellets) and energy.

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills

Steel Dynamics guides to more metal, more money in Q3
Steel Dynamics Inc. is bullish heading into the close of the third quarter, with all three of its operating segments tracking higher.

AHMSA opens doors to potential buyers as $1.3B asset auction nears
AHMSA is opening its doors to potential buyers to tour its steel plant and mining operations in northern Mexico in preparation for the next stage of its bankruptcy process: the auction of its assets.

USW seeks clarity on USS plans for Granite City Works
The United Steelworkers union has asked U.S. Steel to elaborate on its Granite City Works plans following reports that the steelmaker is ending processing at the facility.

Nucor maintains plate prices, opens October order book
Nucor aims to keep plate prices flat for a seventh straight month with the opening of its October order book.

ArcelorMittal Mexico to import from sister mills as it works to resume DRI production
ArcelorMittal has partially restarted operations at its direct reduction plant in Lazaro Cardenas, Michoacan. An explosion on Aug. 18 rocked the massive steelworks on Mexico’s Pacific coast, impacting production of direct-reduced iron (DRI).