AKS Shares Advance 6.39% Today
Printed From: MiddletownUSA.com
Category: Middletown Area Business
Forum Name: AK Steel in Middletown, Ohio
Forum Description: AK Steel in Middletown Discussion
URL: http://www.middletownusa.com/forum/forum_posts.asp?TID=4846
Printed Date: Nov 23 2024 at 9:13pm
Topic: AKS Shares Advance 6.39% Today
Posted By: John Beagle
Subject: AKS Shares Advance 6.39% Today
Date 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: http://stockbanter.com/tag/aks/ - Long AKS
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http://www.johnbeagle.com/" rel="nofollow - John Beagle
Middletown USA
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