Ak Steel reduced losses eighteen times over the year

One of the largest US metallurgical companies AK Steel reported on Tuesday about reducing losses in the second quarter of 2013 compared to last year 18 times, up to 40 million 400 thousand dollars against $ 724 million in APPG-2012.

The net sales volume for the second quarter of 2013 in AK Steel amounted to 1 billion 400 million dollars received per 1 million 323 thousand 700 tons of metal rolling, against $ 1 billion 500 million for 1 million 335 thousand 800 tons in the APPG-2012. The reduction in supplies was due to the fall in demand from the energy sector, which partially compensated for the growing purchases of automakers.

The automotive industry has become a ray of light in the Dark Kingdom for AK Steel providing 45 percent of the company's products and 50 percent of all its income for the second quarter of 2013.

The average price of a ton of metal products was $ 1061 for the specified period, which corresponds to a fall by 8 percent compared to the APPG-2012 and exactly the same level in the last quarter. The spare market remains the most difficult for AK Steel managers on which, according to them, "the only thing that distinguishes you from other manufacturers and competitors is the price of metal rolling." In the first half of 2013, the company reduced the number of contracts of concluded in the spot market from 70 percent at the beginning of the year to 30 percent in the middle of summer.

Ak Steel helped to keep the record reduction in stocks in the warehouses of service centers, a significant increase in scrap prices and an unexpected breakdown of a domain furnace in Middleton.