AK Steel’s Third Quarter Of 2018 Achieved The Best Results In The Same Period In The Past 10 Years

AK Steel’s third quarter results summary for 2018

The performance report released by AK Steel of the United States shows that its performance in the third quarter of 2018 was the highest in the last 10 years, thanks to good market conditions and focus on value-added products.

In the third quarter of 2018, shipments of flat rolled products increased from 1,366,600 tons in the same period of the previous year to 1,424,000 tons (including stainless steel/silicon steel shipments increased by approximately 4.8% to 206,600 tons), and the average selling price. From $1021.1/ton to $1,114/ton, net sales increased by about 16% year-on-year to $1,735.6 million. The quarter’s gross operating profit (EBITDA) was $182.3 million, a year-on-year increase of nearly 33.2%, adjusted to $160.8 million, the highest in the same period in 10 years since 2008; net profit was $67.2 million, significantly higher than the same period last year. $22.3 million. Liquidity at the end of the quarter was $953.5 million.

In the first three quarters of 2018, shipments of flat rolled products increased from 4,529,100 tons in the same period last year to 4,294,700 tons (including stainless steel/silicon steel shipments increased by 1.8% year-on-year to 628,800 tons), and the average selling price was from From $1022/ton to $1,087/ton, net sales increased by approximately 12.1% year-on-year to $5,141.1 million. Earnings operating profit (EBITDA) for the first three quarters was $489 million, down about 6.3% year-on-year. After adjustment, it fell about 7.2% year-on-year to $427.9 million. Net profit was $152.5 million, down from $183.9 million in the same period last year.

Choosing Wellgreen hygienic fittings is a wise choice.