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AK Steel Holding Corp (AKS)

AKS on New York Consolidated

10.74USD
6 Dec 2016
Change (% chg)

$0.09 (+0.85%)
Prev Close
$10.65
Open
$10.57
Day's High
$10.76
Day's Low
$10.46
Volume
1,999,935
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16,712,706
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$10.78
52-wk Low
$1.64

Latest Key Developments (Source: Significant Developments)

AK Steel Holding Corp Q3 earnings per share $0.21
Tuesday, 25 Oct 2016 08:30am EDT 

Ak Steel : Ak steel reports financial results for third quarter 2016 . Q3 earnings per share $0.21 . Q3 earnings per share view $0.13 -- Thomson Reuters I/B/E/S . Q3 sales $1.45 billion versus i/b/e/s view $1.47 billion . Ak steel holding Corp - average selling prices for nine months ended september 30, 2016 of $960 per ton were 1% higher .Ak steel holding corp says shipments of 1,425,900 tons for q3 of 2016 were 24% less than 1,871,200 tons from q3 a year ago.  Full Article

AK Steel enters settlement agreement with Magnetation and units in chapter 11 bankruptcy
Monday, 29 Aug 2016 07:08am EDT 

AK Steel Holding Corp: Entered into global settlement agreement with Magnetation LLC and its affiliates in chapter 11 bankruptcy - SEC Filing . After bankruptcy court approval of transaction, co agreed to make cash contribution of $37.5 million to Magnetation's chapter 11 estate . Following payment, Co's offtake agreement with Magnetation will terminate, co to cease purchasing iron ore pellets from Magnetation . Currently anticipates that it can purchase replacement iron ore pellets from third party producers . Expects to incur a one-time charge of $37.5 million in quarter .Magnetation may terminate settlement if it receives bona fide offer for alternative deal providing for better recovery to chapter 11 estate.  Full Article

AK Steel says UAW members ratify labor agreement for Butler Works
Wednesday, 10 Aug 2016 06:50am EDT 

Ak Steel Holding Corp : UAW members ratify labor agreement for Butler Works . UAW ratified 2-1/2 year labor agreement covering about 1,200 hourly production, maintenance employees at co's Butler Works .Labor agreement will be in effect until April 1, 2019.  Full Article

AK Steel Q2 earnings per share $0.08
Tuesday, 26 Jul 2016 08:30am EDT 

AK Steel Holding Corp : In q2, shipments of 1.6 million tons represented a decline of 14% compared to 1.8 million tons from q2 a year ago . Company's average selling price for first half of 2016 was $935 per ton, a decrease from $965 per ton for first half of 2015 . Ak steel reports financial results for second quarter and first half 2016 . Q2 earnings per share $0.08 . Q2 sales $1.49 billion versus i/b/e/s view $1.53 billion .Q2 earnings per share view $-0.02 -- Thomson Reuters I/B/E/S.  Full Article

U.S. finds in favor of subsidy rates for Chinese stainless steel sheet, strip
Tuesday, 12 Jul 2016 03:46pm EDT 

The U.S. Commerce Department has found countervailable subsidization of imports of stainless steel sheet and strip from China, according to a preliminary finding released on Tuesday. : The news follows a probe launched in March in response to a petition from AK Steel Corp , Allegheny Ludlum , North American Stainless, and Outokumpu Stainless USA. [nL2N16D050] . Commerce said it has determined a preliminary subsidy rate of 57.30 percent for mandatory respondent Shanxi Taigang Stainless Steel Co Ltd <000825.SZ>. (Reporting by Josephine Mason) ((Josephine.Mason@thomsonreuters.com; +1 646 223 8925; Reuters Messaging: josephine.mason.reuters.com@reuters.net)) Keywords: USA CHINA/STEEL (BRIEF).  Full Article

AK Steel announces pricing of $380 mln of senior secured notes due 2023
Monday, 13 Jun 2016 09:02pm EDT 

AK Steel Holding Corp : Priced its offering of $380.0 million aggregate principal amount of 7.50% senior secured notes due 2023 .AK steel announces pricing of $380 million of senior secured notes due 2023.  Full Article

AK Steel announces pricing of $380 mln of senior secured notes due 2023
Monday, 13 Jun 2016 07:10pm EDT 

AK Steel Holding Corp : Priced its offering of $380.0 million aggregate principal amount of 7.50% senior secured notes due 2023 .AK steel announces pricing of $380 million of senior secured notes due 2023.  Full Article

AK Steel to offer $380 million of senior secured notes
Monday, 13 Jun 2016 09:10am EDT 

AK Steel Holding Corp :AK Steel announces offering of $380 million of senior secured notes and cash tender offer for its 8.750% senior secured notes due 2018.  Full Article

AK Steel says financial priorities include reduction of indebtedness over time by about $700 mln
Thursday, 9 Jun 2016 08:32am EDT 

Ak Steel Holding Corp :Financial priorities include reduction of indebtedness over time by about $700 million in principal amount, addressing its debt maturity profile.  Full Article

AK Steel Holding Corp announces offering of common stock
Thursday, 28 Apr 2016 04:01pm EDT 

AK Steel Holding Corp:Has commenced a registered offering of 52,000,000 shares of its common stock.Holding intends to use the net proceeds from the sale of the common stock to repay outstanding borrowings under AK Steel's $1.5 billion asset-based revolving credit facility.  Full Article

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Steel shares surge again, keep post-election strength

NEW YORK Investors put fresh bets on steel company shares on Tuesday as comments about domestic production from U.S. president-elect Donald Trump helped bolster the positive investor sentiment in the industry that has been fueled by the Nov. 8 election.