AK Steel (AKS) sees a higher than expected Q2 EPS loss of $0.38-$0.33, which may not compare to...

|About: AK Steel Holding Corp (AKS)|By:, SA News Editor

AK Steel (AKS) sees a higher than expected Q2 EPS loss of $0.38-$0.33, which may not compare to -$0.09 consensus estimate, but expects a 4%-5% increase in shipments Q/Q to 1.34M-1.36M tons due to strength in the automotive market. AKS expects its Q2 average selling price/ton to rise ~1% to ~$1,055/ton, primarily due to lower spot market prices for carbon steel products. AKS +0.8% premarket.