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dav1234

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dav1234

Re: cintrix post# 251644

Monday, 06/17/2013 9:07:41 AM

Monday, June 17, 2013 9:07:41 AM

Post# of 316866
AK Steel (AKS) sees a higher than expected Q2 EPS loss of $0.38-$0.33, which may not compare to -$0.09 consensus estimate, but expects a 4%-5% increase in shipments Q/Q to 1.34M-1.36M tons due to strength in the automotive market. AKS expects its Q2 average selling price/ton to rise ~1% to ~$1,055/ton, primarily due to lower spot market prices for carbon steel products. AKS +0.8% premarket
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