United Kingdom

AK steel announces Q3 loss per share $0.02

Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - AK Steel :AK steel announces financial results for third quarter 2017.Q3 sales $1.49 billion versus I/B/E/S view $1.52 billion.Q3 loss per share $0.02.Q3 earnings per share view $0.04 -- Thomson Reuters I/B/E/S.AK Steel Holding Corp - qtrly ‍average selling price per flat-rolled steel ton increased 2% to $1,021 from $1,001 in same quarter a year ago​.AK Steel Holding Corp - ‍Q3 flat-rolled steel shipments declined 2% to 1,368,600 tons from 1,397,900 tons in Q3 a year ago​.AK steel- ‍higher raw material costs, particularly for scrap, chrome, zinc, other alloys, contributed to decline in qtrly results versus Q3 year ago​.AK Steel Holding Corp - ‍results for Q3 of 2017 included a lifo charge of $49.0 million​.