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Why AK Steel Stock Dropped 12% in March [The Motley Fool]

AK STEEL HOLDINGS (AKS)  More Company Research Source: The Motley Fool
Last ak steel holdings earnings: 1/30 08:30 am Check Earnings Report
US:NYSE Investor Relations: aksteel.com/investor_information
PDF Trade policy news created a roller coaster ride for the steel giant's shareholders. Demitrios Kalogeropoulos ( TMFSigma ) Apr 11, 2018 at 11:08AM What happened  U.S. steel giant AK Steel ( NYSE:AKS ) shed 12% last month, according to data provided by S&P Global Market Intelligence , compared to a nearly 3% decline in the broader market.  ^SPX data by YCharts The drop contributed to a rough run for shareholders, who've seen their stock fall by 21% since the beginning of 2018. So what March's decline came as investors scaled back their hopes that steel tariffs will lead to a sustained improvement in business results. AK Steel's management team came out in strong support of the protective tariffs early in the month, and the stock rose as well. However, that buzz wore off quickly, especially after it became clear that many U.S. trad [Read more]

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