AK Steel Holding Corporation
) announced that its Zanesville Works has received an award for
outstanding safety performance by the Ohio Bureau of Workers'
Compensation, Division of Safety and Hygiene. The plant received
the "100% Award for Safety" for functioning full-year 2013
without any lost-time injuries or illnesses.
The plant also received a "Special Award for Safety" for
operating 4,465,715 man-hours without a lost-time injury between
April 21, 2003 and Dec 31, 2013. The award is part of a
collaborative safety awareness program established by the
Muskingum County Safety Council and Chamber of Commerce.
In Feb 2014, AK Steel announced that its Middletown (OH) Works
coke plant received the Max Eward Safety Award from the American
Coke and Coal Chemicals Institute (ACCCI), a leading industry
trade organization. The company was given the award for
operating one of the safest cokemaking facilities in America in
AK Steel recently provided its outlook for the first quarter
of 2014. The company expects to incur a loss in the range of 44
cents to 49 cents per share in the first quarter mainly due to
higher energy costs and an unplanned outage at the company's
Ashland Works blast furnace.
Due to the outage, AK Steel expects its steel shipments to
decline by 10%-12% sequentially to about 1,250,000 to 1,275,000
tons in the first quarter. However, AK Steel expects its average
selling price to rise by roughly 6% to about $1,095 from $1,031
per ton in the fourth quarter of 2013 due to a richer shipment
mix of value-added products.
AK Steel is slated to release its first quarter results
on April 22, 2014, before the market opens. Analysts polled by
Zacks currently expect a loss of 22 cents per share on average
for the quarter.
AK Steel currently holds a Zacks Rank #3 (Hold).
Other companies in the steel and related industries with
favorable Zacks Rank are
Norsk Hydro ASA
Worthington Industries, Inc
). All of them retain a Zacks Rank #2 (Buy).
AK STEEL HLDG (AKS): Free Stock Analysis
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NN INC (NNBR): Free Stock Analysis Report
WORTHINGTON IND (WOR): Free Stock Analysis
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