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AK Steel swings to profit

AK Steel Holding announced fourth-quarter net income of $35.2 million, or $0.26 per share,  compared with a loss of $230.4 million, or $1.89 per share, a year ago.  Excluding the effect of an income tax adjustment, the firm reported adjusted net  profit of $12.5 million, or $0.09 per share for the latest period, which topped analysts` estimated earnings per share of $0.02.