AK Steel hit hard by costs, plant outages

AK Steel reported a larger loss in the first quarter on higher energy costs and plant outages
Associated Press
Apr 24, 2014


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.