AK Steel: Strong Despite Soft Guidance And Share Offering
- AK Steel guides 3q profit of $0.05 - $0.10 per share, lower than analysts' consensus.
- Ashland Works blast furnace will experience an outage once again.
- Magnetation plant will start production in September.
- AK Steel makes a 35 million share offering and offers $430 million of senior notes due 2021.