AK Steel will ship 1.35m tons in Q2 2012, up from Q1

US flat and stainless steel producer AK Steel expects its total shipments to be about 1.35 million tons in the second quarter of 2012, slightly more than in the first quarter, according to a press release published on Monday June 18.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

AK Steel expects its average per-ton selling price for the second quarter to be around the same level as in the first quarter.

“Due to increased uncertainty and volatility […] in the USA and in other markets […], including a recent deterioration in spot market pricing, AK Steel cannot provide reliable guidance at this time for the company’s results for the remainder of 2012,” it said.

It intends to benefit from higher operating rates and lower raw material costs in the second quarter of the year compared with the first quarter.

The company is based in West Chester, Ohio, and produces flat rolled carbon steel, stainless steel and electrical steel.

Its output is largely sold into the automotive, infrastructure, manufacturing, construction, electrical power generation and distribution markets.

What to read next
General Motors (GM) is investing $650 million to develop the Thacker Pass mine in Nevada, the largest known source of lithium in the US and the third largest in the world
Electrolysis processes developed by Boston Metal and Electra that eliminate the need for coal in steel production could be key to a net-zero emissions future for the metallics industry, attendees learned at Fastmarkets’ conference on January 17-19 in Dallas
US deep-sea ferrous export prices from the East Coast to Turkey have plateaued, with a Turkish mill purchasing a cargo at prices stable from the last-reported sale
Following a six-week consultation period, Fastmarkets can confirm it will amend the calculation method for all the average functions on the Fastmarkets platform from Wednesday March 1, 2023.
Consolidation, the recycling of electric vehicle batteries, US steel exports and the benefits of sustainable steelmaking were key talking points at Fastmarkets’ Scrap & Steel 2023 conference in Dallas in January
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed