AK Steel (NYSE:AKS) is undergoing a significant turn-around and was expected to return to profitability this year but they surprised early and reported a net profit of 2 cents per share last week, well ahead of schedule. There's more than just a simple turn-around story in the works however. Recent tensions between Russia and Ukraine have resulted in economic sanctions against specific Russian companies. In response to these sanctions, a liquidation of US assets by Russian companies is underway before a "general freeze" is implemented. In the case of AK Steel, Severstal, one of Russia's largest industrial companies and their largest steel producer, sold key strategic assets including a Coke making facility plus interests in 3...
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