NEW YORK (TheStreet) -- AK Steel (AKS) shares are up 7% to $6.57 in early market trading on Friday after the steel producer announced that the U.S. International Trade Commission had reached an affirmative 4-1 decision that imposed an antidumping order on steel imports from six different countries.
The company filed a motion with the commission in September 2013, charging that unfairly traded non-oriented electrical steel (NOES) imports from China, Germany, Japan, South Korea, Sweden and Taiwan was harming the domestic NOES market.
The countries named in the decision will now have to pay anti-dumping duties, while imports from China and Taiwan face additional countervailing duty orders as a result of the commission's decision.
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TheStreet Ratings team rates AK STEEL HOLDING CORP as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate AK STEEL HOLDING CORP (AKS) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been poor profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows: