AK Steel (AKS -7.4%) slides after Goldman Sachs downgrades shares to Sell from Neutral with a...

|About: AK Steel Holding Corp (AKS)|By:, SA News Editor

AK Steel (AKS -7.4%) slides after Goldman Sachs downgrades shares to Sell from Neutral with a $12 price target, citing continued weakness in the electrical steel market. Also, "AK Steel is the least vertically integrated mill in our coverage, with virtually no participation in iron ore or coking coal assets. It is thus highly vulnerable to cost pressure.”