Why AK Steel’s Earnings are Bad News for U.S. Steel
January 24, 2017 at 12:32 PM EST
This morning, AK Steel ( AKS ) was flying high after reporting earnings that easily topped the Street consensus . Now they're down nearly 2%. What gives? Axiom Capital's Gordon Johnson points to AK Steel's declining shipments, and explain why that could be bad news for U.S. Steel ( X ) as well:
