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More on AK Steel's (AKS) Q3 results: Sees Q4 net loss of $0.06, as expected, including...
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Tuesday, October 23, 2012, 9:10 AM ETMore on AK Steel's (AKS) Q3 results: Sees Q4 net loss of $0.06, as expected, including an anticipated non-cash tax expense resulting from an expected change in its tax valuation allowance. Average selling price for Q3 was $1,073/ton, -7% from both Q2 and Q3 2011, due primarily to lower spot market prices for carbon steel products. Shares -4.5% premarket; X -3%, CLF -3.5%, MT -4.8%.
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