AK Steel shares reaches a 52-week maximum

The price of the AK Steel Holding Corporation shares reached $ 8.47, fixing a quick return by 77.72 percent. The growth rate of the long -term expected profit per share (EPS) of the company is expected to be 5 percent.

AK Steel predicts the high potential for the production of highly effective electrical steels, while the demand for energy in the world continues to grow. Energy is a key factor in the growth of developing countries, where the introduction of new efficiency standards is important. AK Steel will continue to work with its international clients through global sales offices, technical support and improving product quality.

AK Steel is counting on an increase in sales in the automotive market. Automobiles against the background of production growth expand the supply of products from stainless steel products. This resumed contracts with customers who provide higher profits. The contribution of the car market to the company's income is currently about 50 percent.

The construction market also predicts positive trends for AK Steel for the first time from the beginning of the great recession. In addition to this, private construction also jumped at more than 40 percent compared to its minimum in early 2009.

AK Steel should benefit from the trend of reducing prices for the main types of raw materials, such as
Iron ore, coke and coal. He expects that the cost of raw materials and energy will be below the level of past years. The company successfully increases the volume of coal production from its first coal mine North FORK.