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AK Steel expects to report $60 million loss in Q1--The 15th China(Guangzhou)Int’l Metal &Metallurgy Exhibition
3/25/2014 Metal &Metallurgy Exhibition |
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According to report, AK Steel may report its loss for Q1 about 60~67 million due to the blast furnace outages and rising energy costs on bad weather.
The company reports its natural gas and electricity costs increased $30 million from Q4 last year. The company’s late February unintended outage at its Ashland works cost around US$18 million. Planned outage was forwarded from Q1 and cost around US$29 million.
AK also mentioned the Q1 shipments will be down about 10~12% from last year to 1.25~1.275 million shot tons, even the average price increased by 6% to US$1,031/short ton.
The final result of the full earnings will be released on April 22.
金属展-冶金展-2014广州巨浪金属暨冶金工业展览会-亚洲最大金属冶金展-巨浪展览-The 15th China(Guangzhou)Int’l Metal &Metallurgy Exhibition
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