AKS Shares Advance 6.39% Today

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   AK Steel (AKS) shares are up 6.39% after the company announced late Monday that it will increase current spot-market base prices for all carbon flat-rolled steel products by $50 per ton immediately. 

"The move was consistent with our near-term bullish steel call, which was predicated on a second increase, supported by increasing raw-material prices, extending lead times and firming global prices," analysts at Dahlman Rose & Co. wrote in a note. 

Current position: Long AKS

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John Beagle Members Profile Send Private Message Find Members Posts Visit Members Homepage Add to Buddy List MUSA Official Joined: Apr 23 2007 Location: Middletown Status: Offline Points: 1855	Post Options Post Reply Quote John Beagle Report Post Thanks(0) Quote Reply Topic: AKS Shares Advance 6.39% Today Posted: Nov 06 2012 at 4:19pm
	AK Steel (AKS) shares are up 6.39% after the company announced late Monday that it will increase current spot-market base prices for all carbon flat-rolled steel products by $50 per ton immediately. "The move was consistent with our near-term bullish steel call, which was predicated on a second increase, supported by increasing raw-material prices, extending lead times and firming global prices," analysts at Dahlman Rose & Co. wrote in a note. Current position: Long AKS
	John Beagle Middletown USA News of, for and by the people of Middletown, Ohio.