AK Steel (AKS +3.4%) expects to report a loss of $0.44-$0.49 per share, brought on by a number of factors not expected to continue, among them higher energy costs thanks to the severe winter.
Shipments of 1.25M-1.275M tons is are about a 10-12% decrease from Q4. The decline is attributed to the blast furnace outage at Ashland Works.
The average selling price in Q1 of $1,095 is a 6% gain from Q4.
Barclays' take: "AKS is best-positioned among the steel producers to deliver significantly improved operating results as 2014 progresses."