AK Steel Expects Rise In Q4 Shipments, Prices

AK Steel Holding Corp

projects a rise in its shipments and selling prices in the fourth quarter. AK Steel projects an operating loss of $40 to $45 per ton for the fourth quarter. It also expects shipments to rise 3% to $1.4 million tons. AK Steel projects average per-ton selling prices to climb 5% y/y. However, it expects average per-ton selling prices to drop 8% sequentially. AKS shares gained 0.95% to $7.40 in after-hours trading.