Seeking Alpha

AK Steel (AKS) might be interested in the two steel mills in Brazil and the U.S. that...

AK Steel (AKS) might be interested in the two steel mills in Brazil and the U.S. that ThyssenKrupp has put up for sale, CEO James Wainscott said on a conference call following the steel company's Q3 results. He did not indicate whether AKS actually had made a bid or was considering one; AKS was not believed to have submitted a first-round bid for the assets.
Comments (2)
  • WPSPIKER
    , contributor
    Comments (1158) | Send Message
     
    hope they dont buy more mills need to close a lot still that will help support the base of supply & demand..
    23 Oct 2012, 07:16 PM Reply Like
  • jrhuffman
    , contributor
    Comments (5) | Send Message
     
    AKS doesn't have the cash, AKS expects to lose more money in the 4th quarter, the steel industry is still in bad shape and expect a downgrade of AKS stock any day by Moody's. 0% chance of purchasing those steel mills.
    23 Oct 2012, 11:47 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs