11:39 am AK Steel (AKS)
AK Steel (AKS) is trading 7% higher today after guiding to Q4 non-GAAP EPS of $0.05-0.10, which was actually above market expectations. This was a bit of a surprise because another steel producer, Nucor (NUE), guided lower on Tuesday. See our story stock on Tuesday for our analysis. As such, investors were probably expecting the other steelmakers to follow Nucor's lead. But that was not the case with AKS.
In terms of what they do, AK Steel is a steel producer based near Cincinnati. It makes flat-rolled carbon, stainless and electrical steel. It …More