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AK Steel losses mount as foreign competitors hurt sales
2016-01-27 14:24:25| Steel - Topix.net
AK Steel grew sales in 2015 to approximately $6.7 billion thanks partly to the acquisition of a new steel plant in Michigan the year before as well as a strong automotive market, the company reported Tuesday. However, it wasn't enough to fend off an 11 percent decline year-over-year in average steel selling prices, as the steelmaker contended last year with an oversupplied global market.
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