U.S. Markets open in 7 hrs 20 mins

Does AK Steel’s Risk-Reward Ratio Look Favorable Now?

Mark O'Hara
Does AK Steel’s Risk-Reward Ratio Look Favorable Now?

In the previous article, we noted that AK Steel’s (AKS) second-quarter revenue estimates look conservative when looking at the company’s guidance. US steel prices are hovering at multiyear high levels. Higher steel prices and stable steel scrap prices are expected to boost the earnings of US steelmakers like Nucor (NUE) and Steel Dynamics (STLD) in the second quarter and beyond.