AK Steel Provides 1Q Outlook - Analyst Blog
25 3월 2013 - 8:40PM
Zacks
AK Steel Holding Corporation (AKS) has provided
its outlook for the first quarter of 2013. AK Steel forecasts net
loss to be lower in the quarter compared with the fourth quarter of
2012 due to lower raw material costs.
AK Steel expects net loss to be in the range of 9 cents to 13 cents
per share for the first quarter of 2013, which is narrower than the
loss of 30 cents recorded in the fourth quarter of 2012.
AK Steel expects average selling price to rise about 5% to $1,060
per ton in the first quarter from average selling price per ton of
$1,011 in the fourth quarter of 2012.
Shipments, for the first quarter, are expected to be in the range
of 1,275,000 to 1,300,000 tons compared with 1,406,100 tons in the
fourth quarter of 2012. AK Steel projects shipments to the spot
market to decrease sequentially as the normal cyclical improvement
in spot market shipments has not yet materialized. However,
shipments to the automotive markets are expected to increase in the
first quarter.
AK Steel also expects to record a non-cash tax benefit of
approximately $4 million to $5 million for the first quarter of
2013.
AK Steel is making good progress with its coal mine plan and
expects to begin mining activities in the first half of 2013. It is
also making significant progress with its iron ore pellet project
at Magnetation. Both these strategic investments are expected to
improve the company’s cost structure and strengthen its position in
the years ahead.
AK Steel currently maintains a Zacks Rank #3 (Hold).
Other companies in the steel industry worth considering are
Gibraltar Industries Inc. (ROCK), Shiloh
Industries Inc. (SHLO) and Companhia Siderurgica
Nacional (SID). While Gibraltar and Shiloh hold a Zacks
Rank #1 (Strong Buy) Companhia Siderurgica carries a Zacks Rank #2
(Buy).
AK STEEL HLDG (AKS): Free Stock Analysis Report
GIBRALTAR INDUS (ROCK): Free Stock Analysis Report
SHILOH INDS INC (SHLO): Get Free Report
CIA SIDERUR-ADR (SID): Free Stock Analysis Report
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AK Steel (NYSE:AKS)
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AK Steel (NYSE:AKS)
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부터 7월(7) 2023 으로 7월(7) 2024
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