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AK Steel Q2 2013 Outlook
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Friday, 26 Apr 2013

Consistent with its current practice, AK Steel said that it will provide detailed guidance for its second quarter results in June.

In advance of this guidance, the company said that it will have a planned 7 day maintenance outage at its Middletown blast furnace in the Q2, which is the first major maintenance outage that has been required for that furnace since a major reline in 2009.

Total maintenance outage costs, including the Middletown blast furnace, are expected to be about USD 21 million in the Q2 of 2013, compared to USD 1 million in the Q1 2013. The company expects the increased maintenance outage costs in the second quarter to be mostly offset as a result of lower costs, primarily for raw materials.

Source - Strategic Research Institute


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