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CORRECTED-AK Steel reports smaller 1st-qtr loss
April 23, 2013 / 12:51 PM / 4 years ago

CORRECTED-AK Steel reports smaller 1st-qtr loss

(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)

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