UPDATE: Dahlman Rose Upgrades AK Steel Holding Corporation to Hold

In a report published Wednesday, Dahlman Rose & Co. upgraded its rating on AK Steel Holding Corporation

from Sell to Hold. Dahlman Rose noted, “We are upgrading AKS to Hold from Sell as we believe the implications of its recent debt and equity issue have been priced in and near-term liquidity risk has been removed. Though we remain neutral on the steel sector, we favor service centers on a relative basis.” AK Steel Holding Corporation closed on Tuesday at $3.82.