March 22 AK Steel Holding Corp said it
expects net loss in the first quarter to fall from the fourth
quarter due to higher selling prices and lower raw material
The steelmaker expects the loss in the range of 9 cents to
13 cents per share. It reported a loss of $1.89 per share in the
Analysts on average were expecting a loss of 9 cents per
share in the quarter ending March 31, according to Thomson
The company expects its average selling price to increase by
about 5 percent in the current quarter.
AK Steel expects to record a non-cash tax benefit of $4
million to $5 million in the quarter.