The company said the blast furnace returned to full production after about four weeks of planned outage. The furnace's current production is "significantly above" production levels before the outage.
AK Steel originally planned the outage for 2015, but the outage was advanced to address operational issues that started earlier in the year. The company completed work on the blast furnace in 27 days, one day faster than its initial estimates of 28 days.
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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 a number of negative factors, 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: