The earnings train is about to leave the station, with reports due Tuesday from three Dow components, some transportation names and Apple.» Read More
WEST CHESTER, Ohio-- AK Steel will likely post a larger-than-expected second-quarter loss, the company said Monday, citing the effects of a maintenance outage at one of its blast furnaces, on top of greater tax expenses. AK Steel also expects to record non-cash income tax expenses of about $11 million, or 8 cents per share, for the second quarter.
NEW YORK-- Shares of AK Steel Holding Corp. rose Thursday after the company raised prices for carbon flat-rolled steel products. THE BIG PICTURE: AK Steel makes flat-rolled carbon, stainless and electrical steel products for the automotive, construction and infrastructure, manufacturing and electricity industries among others.
Major sector indices start the second quarter with a perfect inverse image of first quarter performance. Dow Transports and small-cap stocks lag.
Cramer likes this rally because it's led by companies representing real commerce instead of "nightmare" inflation stocks.
Steel prices up $50 per short ton- Steel Market Update. *AK Steel boosts base prices for carbon flat-rolled steel. AK Steel Holding Corp announced its increase in a release on Wednesday morning.
Is there a massive storm brewing in the market? Jim Cramer thinks that kind of talk is simply hot air.
Steel prices up $50 per short ton- Steel Market Update. *AK Steel boosts base prices for carbon flat-rolled steel. Feb 27- AK Steel Holding Corp announced price increases on Wednesday, following reports that United States Steel Corp had boosted its own spot prices.
*FY net loss $3.73 bln after $4.3 bln Europe writedown. BRUSSELS, Feb 6- ArcelorMittal, the world's largest steelmaker, forecast improving demand and earnings this year, after a wretched 2012 in which sliding European consumption and a Chinese slowdown drove it to a deep net loss.
*AK Steel Q4 loss smaller than expected. Jan 29- Steel makers U.S. Steel Corp and AK Steel Holding Corp expect results to improve in the current quarter as the global economy recovers and the cost of raw materials such as coal and iron ore stays low.