steel prices going up again, end of this month , or 1st wk of May...AKS $5 - $6.
more money for all steel makes. including AKS.
Its kind of same thing when all airlines were losing money , fairs were low. UAL was $3.18.. and now $30. Since then they raised prices, started charging for bags. kinda started charging for toilet paper. :)
Same happening to Steel. with economy recovering. AKS, X, MT, STLD and all others cannot keep going doing. their PPS has to double up at least from current range. IMHO.
Actually this is the time of the year steel stocks are heading much lower. Usually steel stocks peak in Februrary and go down the rest of the year until late November when they start increasing again for that small run.
WEST CHESTER, Ohio, April 19, 2013 /PRNewswire/ -- AK Steel (NYSE: AKS) applauds the U.S. This will add to profits . Department of Energy's (DOE) final ruling on efficiency standards for electrical distribution transformers. The rule was published in the Federal Register on April 18, 2013 following an extensive comment and review process. It ensures that transformers in America will remain among the most energy-efficient in the world, and that high-tech electrical steels will continue to be a competitive material in the marketplace.
"As a global leader in the production of high-efficiency electrical steel products, we are pleased with the Department of Energy's new standards," said James L. Wainscott, Chairman, President and CEO of AK Steel. "The ruling is good for America, and it leaves AK Steel well-positioned to meet the needs of its electrical power distribution customers for years to come." . AND THEY SHOULD HAVE SIMILAR RULING ON XL PIPELINE STANDARDS