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AK Steel hit hard by costs, plant outages

Associated Press • Apr 24, 2014 at 6:00 PM

The company said Tuesday the severe winter weather drove up its natural gas and electricity costs by $30 million compared to a year ago. AK Steel also absorbed costs related to planned outages at some of its facilities, and an unplanned outage at a blast furnace in Ashland, Ky.

Shares of AK Steel lost 15 cents, or 2.2 percent, to $6.56 in afternoon trading.

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