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AK Steel's net profit in the first half of 2019 and stainless steel in the United States decreased by nearly

Oct. 22, 2019

According to the performance report released by AK steel in the United States, in the second quarter of 2019, mainly due to the expected decline in sales to the automobile market, the shipment volume of flat-rolled steel dropped nearly 3.4% to 1.3914 million tons year on year, but slightly increased by about 0.2% month on month. Among them, the shipment of stainless steel/silicon steel decreased by 10.4% and 4% to 188400 tons respectively compared with the same period. The average selling price in this quarter is 1102 US dollars/ton, up 1 US dollar/ton year on year and down 10 US dollars/ton month on month; the net sales volume is 1680.5 million US dollars, down 3.8% and 1% respectively on month on month basis.

AK Steel's net profit in the first half of 2019 and stainless steel in the United States decreased by nearly

  In terms of profit, the gross operating profit (EBITDA) of the quarter increased by about 1.6% and 65% to the US $170.8 million on a month on month basis, the adjusted gross operating profit increased by nearly 2.1% on a year-on-year basis and decreased by about 5.8% to the US $151.5 million on a month on month basis; the operating profit reached the US $106.6 million, increased by about 7.1% and 158.7% on a month on month basis respectively; the net profit attributable to the parent company turned round and increased by about 18% to the US $66.8 million on a month on month basis.

  In the first half of 2019, the shipment volume of flat steel decreased by nearly 3.2% to 2.7798 million tons year on year, of which the shipment volume of stainless steel/silicon steel decreased by nearly 4.1% to 4.05 million tons year on year; however, the average selling price increased to $1107 / ton from $1073 / ton in the same period of last year; the net sales volume was $3378.2 million slightly decreased by about 0.8% year on year.

  In the first half of the year, the gross operating profit (EBITDA) decreased by nearly 10.6% to the US $274.3 million, the adjusted gross operating profit increased by nearly 17% to the US $312.4 million, the operating profit was the US $147.8 million, a year-on-year decrease of nearly 9.4%, and the net profit attributable to the parent company was the US $62.3 million, a year-on-year decrease of nearly 27%.


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