Seeking Alpha

AK Steel (AKS -4.8%) is missing out on the QE-fueled rally in materials shares after warning of...

AK Steel (AKS -4.8%) is missing out on the QE-fueled rally in materials shares after warning of a larger than expected Q3 loss as it contends with lower average per-ton selling prices. AKS cited lower spot market prices for carbon steel products because of declining global economic conditions. Other steel names are posting strong gains: X +2.9%, MT +6.9%, STLD +4.6%.
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