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AK Steel Holding Corporation Message Board

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  • jtraphael jtraphael May 16, 2012 2:23 PM Flag

    AKs order book

    Spot prices are actually down. Check AMM, and CRU indexes. However, so is iron ore, zinc, and scrap. This will help alleviate some cost pressures for the mills. AK, US, and Mittal have good order books as a result of increases in automotive production.The sense on the street is that the automotive mills are cocky regarding pricing, compared to the mini-mills. The mini mill order books (SDI, Nucor, etc), are not as robust, and subsequent lead times are shorter. There are rumors, which are supported by an article, that RG Steel is allegedly having liquidity problems. If they go out, it will certainly have an effect on supply.

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