AK Steel Holding Corporation
) announced that the United States Court of Appeals for the
Federal Circuit denied
) petition to reassess its patent infringement lawsuit regarding
aluminized boron steel.
The decision by the court confirms that AK Steel does not
infringe on ArcelorMittal's patent and allows AK Steel to sell
its Ultralume aluminized boron steel product.
Ultralume is an advanced high-strength steel and provides
improved strength, assists in product weight reduction and is
engineered for safety. It is utilized for hot-stamped,
press-hardened applications where the ultimate tensile strength
is less than 1,500 megapascals (MPa).
AK Steel is a world leader in the production of flat-rolled
carbon, stainless and electrical steel products, primarily for
automotive, infrastructure and manufacturing, construction and
electrical power generation and distribution markets.
Few days ago, AK Steel provided its outlook for the first quarter
of 2013. AK Steel forecasts net loss to be lower in the quarter
compared with the fourth quarter of 2012 due to lower raw
AK Steel expects net loss to be in the range of 9 cents to 13
cents per share for the first quarter of 2013, which is much less
than the loss of 30 cents recorded in the fourth quarter of 2012.
AK Steel expects average selling price to rise about 5% to $1,060
per ton in the first quarter from average selling price per ton
of $1,011 in the fourth quarter of 2012. Shipments, for the first
quarter, are expected to be in the range of 1,275,000 to
1,300,000 tons compared with 1,406,100 tons in the fourth quarter
AK Steel currently maintains a Zacks Rank #3 (Hold).
Other companies in the steel industry worth considering are
Gibraltar Industries Inc.
Shiloh Industries Inc.
). Both Gibraltar and Shiloh hold a Zacks Rank #1 (Strong Buy).
AK STEEL HLDG (AKS): Free Stock Analysis
ARCELOR MITTAL (MT): Free Stock Analysis
GIBRALTAR INDUS (ROCK): Free Stock Analysis
SHILOH INDS INC (SHLO): Get Free Report
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