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3 years ago
AK Steel expects shipments to jump 37 pct in fourth quarter
December 17, 2014 / 9:47 PM / 3 years ago

AK Steel expects shipments to jump 37 pct in fourth quarter

Dec 17 (Reuters) - AK Steel Holding Corp said it expects shipments to jump 37 percent to 2 million tons in the current quarter from the previous quarter, helped by acquisitions and strong demand from the auto industry.

The company said it also expects to benefit from substantially lower iron ore, carbon scrap and energy costs in the fourth quarter ending Dec. 31 compared to the third quarter. (Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Joyjeet Das)

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