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AK Steel Reports 3Q Net Loss
Oct 27, 2011
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AK Steel reported a net loss of $3.5 million for the third quarter of 2011, compared to a net loss of $59.2 million in 3Q 2010. Net sales for the third quarter of 2011 were $1,585.8 million on shipments of 1,368,800 tons, compared to sales of $1,575.9 million on shipments of 1,465,800 tons for 3Q 2010. The company said its average selling price for the third quarter of 2011 was $1,158 per ton, a 2% decrease from the second quarter of 2011, but about 8% higher than for the third quarter of 2010.

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