Things Are Getting Worse for AK Steel
Nov 16th 2012 11:32AM
Updated Nov 16th 2012 11:36AM
Times are tough for steel at the moment. A lower worldwide demand combined with a lower average price means shrinking margins for steel companies, woes that are compounded when earnings season comes around. In this video, Motley Fool energy and materials analyst Taylor Muckerman highlights one of the companies hardest hit by the crunch, AK Steel (NYS: AKS) , which is down 33.5% since Tuesday's open, after announcing lowered expectations for Q4 due to pricing pressures. Muckerman takes us through some of the company's troubles in detail, and shows how it stack's up to some of its peers in the industry at the moment.
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The article Things Are Getting Worse for AK Steel originally appeared on Fool.com.Joel South has no positions in the stocks mentioned above. Taylor Muckerman has no positions in the stocks mentioned above. The Motley Fool owns shares of Nucor. Motley Fool newsletter services recommend Nucor. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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