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    Market Segment

    July 26, 2016

    AK Steel Says Lower Imports and Inventories Helping Pricing and Demand

    Written by Sandy Williams

    AK Steel reported net income of $17.3 million for second quarter 2016 compared to a net loss of $64.0 million a year ago.

    Net sales were 1.49 billion a decrease from $1.69 billion in in Q2 2015 as a result of lower automotive contract pricing as well as a decrease in shipments. Shipments totaled 1,555,500 tons, a decline of 14 percent year-over-year. Despite lower shipments, adjusted EIBTDA more than doubled and adjusted EBITDA margin increased to 6.7 percent from 2.8 percent.

    Sandy Williams

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