CORRECTED-AK Steel reports smaller 1st-qtr loss

Tue Apr 23, 2013 8:58am EDT

(Corrects reporting quarter in headline and first paragraph to first quarter from fourth quarter)

April 23 (Reuters) - AK Steel Corp reported a smaller first-quarter loss, helped in part by lower raw material costs.

The steelmaker's net loss narrowed to $9.9 million, or 7 cents per share, in the first quarter, from $11.8 million, or 11 cents per share, a year earlier.

Revenue fell 10 percent to $1.37 billion. (Reporting By Kanika Sikka in Bangalore; Editing by Sreejiraj Eluvangal)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.