) subsidiary AK Tube LLC has received the "Safety Award of Merit"
from the Fabricators and Manufacturers Association, International
(FMA) for exceptional safety performance of its Columbus, IN and
Walbridge, OH facilities.
Founded in 1970, FMA is a leading trade organization that serves
the metal forming and fabricating industry. It which has more
than 2,000 individual and company members working together, for
it brings metal fabricators and manufacturers together through
technology councils, educational programs, networking events, and
the FABTECH International /American Welding Society (AWS) Welding
At the Columbus facility, the total Occupational Safety and
Health Administration (OSHA) recordable injury rate of 0.79 in
2013 was nearly 8 times better than the rolled steel shape
manufacturing industry average. This is the fourth time that the
Columbus plant has been awarded with the "Safety Award of Merit"
by FMA. The Columbus facility is also a three-time recipient of
FMA's "Safety Award of Honor". This plant is also a certified
Star site in the Indiana Department of Labor's Voluntary
This is for the fifth time that the Walbridge plant has been
awarded with the "Safety Award of Merit" by FMA and it is also
Occupational Health and Safety Assessment Series (OHSAS) 18001
Columbus and Walbridge plants' combined safety performance was
about five times better than the rolled steel shape manufacturing
industry average for 2013.
On Apr 22, AK Steel posted its first-quarter 2014 results. The
company's net loss of $86.1 million or 63 cents per share in the
reported quarter compared with the loss of $9.9 million or 7
cents per share in the year-ago quarter. The results were
affected by a planned and an unplanned blast furnace outage,
higher energy costs due to bad weather and a legal
In the reported quarter, AK Steel recorded a non-cash income
tax charge of $31.7 million or 23 cents per share, relating to a
change in its deferred tax asset valuation allowance. Barring
non-cash income tax charge, AK Steel's loss for the quarter was
40 cents per share, narrower than the Zacks Consensus Estimate of
a loss of 43 cents.
Revenues rose 1% year over year to $1,383.5 million in the
reported quarter but missed the Zacks Consensus Estimate of
AK Steel currently has a Zacks Rank #3 (Hold).
Other stocks in the steel industry with favorable Zacks Rank
Companhia Siderurgica Nacional
). While Companhia Siderurgica carries a Zacks Rank #1 (Strong
Buy), Gerdau and ThyssenKrupp hold a Zacks Rank #2 (Buy).
AK STEEL HLDG (AKS): Free Stock Analysis
GERDAU SA ADR (GGB): Free Stock Analysis
CIA SIDERUR-ADR (SID): Free Stock Analysis
THYSSEN A G (TYEKF): Get Free Report
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