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AKS

AK Steel

$5.23

0.03 (0.58%)

16:31
08/22/17
08/22
16:31
08/22/17
16:31

AK Steel announces stainless steel price increase

AK Steel= said that it will increase base prices for all of its stainless steel products, effective with shipments on September 3. For commodity sheet and strip, specialty sheet and strip, and pipe and tube sheet and strip products, the increase will be achieved through a reduction in the functional discount of two percentage points. For all remaining stainless steel products, including automotive sheet and strip, base prices will be increased by $40 per ton.

AKS AK Steel
$5.23

0.03 (0.58%)

07/27/17
07/27/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. AstraZeneca (AZN) downgraded to Market Perform from Outperform at Leerink with analyst Seamus Fernandez citing the company's "continued reliance on externalization profits and deteriorating earnings quality." 2. F5 Networks (FFIV) was downgraded to Market Perform from Outperform at Wells Fargo and to Perform from Outperform at Oppenheimer. 3. UMC (UMC) was downgraded to Underperform from Neutral at Credit Suisse and to Underperform from Market Perform at Bernstein. 4. U.S. Steel (X) and AK Steel (AKS) were downgraded to Neutral from Buy at Longbow. 5. Dean Foods (DF) downgraded to Underperform from Market Perform at Bernstein with analyst Alexia Howard saying she believes that retailers are increasingly using cheap, private label milk in order to compete with low price competitors. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/27/17
LBOW
07/27/17
DOWNGRADE
LBOW
Neutral
AK Steel downgraded on valuation, limited pricing visibility at Longbow
As previously reported, Longbow downgraded AK Steel to Neutral from Buy. Analyst Chris Olin said there is limited visibility into flat rolled sheet pricing following Trump's comments on steel import tariffs and automotive demand concerns. Given recent AK Steel strength and slightly less bullish integrated steel producer catalysts, the analyst can no longer recommend shares and now expects mini-mills to outperform the group.
07/27/17
LBOW
07/27/17
DOWNGRADE
LBOW
Neutral
AK Steel downgraded to Neutral from Buy at Longbow
07/20/17
07/20/17
NO CHANGE

Cowen would be buying Steel stock weakness
Cowen said the lackluster earnings from Steel Dynamics (STLD) and Nuecor (NUE) is causing weakness in the steel sector. The firm's analyst would use the weakness to buying opportunity given the reports are backwards looking, HRC prices are moving higher, service center inventories are low, and an announcement on steel tariffs is imminent. The firm would not want to be short the group and reiterates outperform ratings on TimkenSteel (TMST) and Steel Dynamics

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