AK Steel CEO: Still Much to be Done for U.S. Steel Sector Woes

SUGAR LAND--January 24, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--In a conference call regarding the fourth-quarter 2016 earnings of AK Steel Holding Corporation (NYSE:AKS) (West Chester, Ohio), the company's CEO Roger K. Newport said that while tightening regulations and positive trade cases had helped ease some of the difficulties with foreign competition in the U.S. steel market, there was still some way to go to return the market to solidity. AK Steel reported a net loss of $62.4 million for the fourth quarter of 2016, compared to a net loss $145.4 million in fourth-quarter 2015. Industrial Info is tracking $103 million in capital and maintenance projects involving AK Steel.