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AK Steel Holding Corporation

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AK Steel should benefit from the strength in the automotive market and the Precision Partners acquisition. The company’s sustained initiatives to manage costs should also support its bottom line. However, the company has underperformed the industry it belongs to over the last six months. AK Steel faces weakness in electrical steel pricing due to global overcapacity. It is also exposed to raw material pricing pressure. The U.S. steel industry is also not out of the woods yet as evident from high levels of imports. Some additional headwinds are expected to come from spending associated with planned maintenance outages.

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