Steel ETF (SLX)

[MWM]

AKS AK Steel beats by $0.22, reports revs in-line (15.10 )

Reports Q3 (Sep) earnings of $1.67 per share, $0.22 better than the First Call consensus of $1.45; revenues rose 25.3% year/year to $2.16 bln vs the $2.16 bln consensus. Co does not provide Q4 EPS guidance, but says that it expects shipments of about 1.4 mln tons. Raw material and energy costs should be lower in Q4 relative to Q3. Average per-ton selling prices should be about 10% lower in Q4.