AK Steel Holding Corporation'
) Zanesville (Ohio) Works has received "100% Award for Safety"
from the Ohio Bureau of Workers' Compensation, Division of Safety
The award was conferred on AK Steel for excellent safety
performance and for operating without any lost-time injuries or
illnesses in 2012. AK Steel demonstrated a safety performance
that was five times better than the steel industry average for
the full-year 2012.
AK Steel's Zanesville Works also received a "Special Award for
Safety" for operating 4,248,816 man-hours without a lost-time
injury between Apr 21, 2003 and Dec 31, 2012. The award is also
part of a collaborative safety awareness program established by
the Muskingum County Safety Council and Chamber of Commerce.
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. The company has projected lower net loss of 9 cents to
13 cents in the quarter compared with a loss of 30 cents in the
fourth quarter of 2012 due to lower raw material costs.
AK Steel expects average selling price to rise about 5% to $1,060
per ton in the first quarter from $1,011 in the fourth quarter of
2012. Shipments are expected to be in the range of 1,275,000 to
1,300,000 tons in the quarter compared with 1,406,100 tons in the
fourth quarter of 2012.
Currently, AK Steel maintains a Zacks Rank #3 (Hold). Other
companies in the steel industry worth considering are
Gibraltar Industries Inc.
Shiloh Industries Inc.
) and ) and
Companhia Siderurgica Nacional
). Both Gibraltar and Shiloh hold a Zacks Rank #1 (Strong Buy),
while Companhia Siderurgica carries a Zacks Rank #2 (Buy).
AK STEEL HLDG (AKS): Free Stock Analysis
GIBRALTAR INDUS (ROCK): Free Stock Analysis
SHILOH INDS INC (SHLO): Get Free Report
CIA SIDERUR-ADR (SID): Free Stock Analysis
To read this article on Zacks.com click here.