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AK Steel's strong Q2 lifts steel producers

AK Steel (AKS +13.5%) surges after Q2 earnings easily beat analyst estimates, and adjusted EBITDA of $99.3M, or 6.7% of sales, more than doubled from last year's adjusted EBITDA of $47.6M, or 2.8% of sales.

AKS says Q2 shipments fell 14% Y/Y to 1.55M tons from 1.81M tons a year...


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