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AK Steel (AKS) -1.4% AH after lowering Q1 guidance to a loss of $0.11-$0.15/share vs. a...
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Thursday, March 15, 2012, 5:28 PM ETAK Steel (AKS) -1.4% AH after lowering Q1 guidance to a loss of $0.11-$0.15/share vs. a $0.03 consensus gain, based in part of a LIFO credit that would be lower than Q4's LIFO credit. AKS expects shipments of ~1.3M tons in Q1, ~7% lower Q/Q, but sees average per-ton selling price for Q1 ~6% higher Q/Q.
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