Thought I would take a look back at this one to see if it was still a victim of DT's trade war - pleasantly surprised to see things seem to be turnng around for the company. Check out this article for more details:- https://www.nmsunews.com/2018/10/02...t-cycle-for-ak-steel-holding-corporation-aks/ One issue to remember is that steel can be a very cyclical sector - catching the bottom and selling at the top is easy with hindsight but not so easy in the "real world".
If there are indeed any benefits to come from trade tariff discussions with China, ultimately the US and China will need to come to an agreement, could we see the share price back up to and above the six dollar level seen when Donald Trump first announced an increase in trade tariffs?
While the share have outperformed the sector of late that is no consolation for shareholders:- https://finance.yahoo.com/news/ak-steel-aks-q3-earnings-132501789.html Interesting that the company is forecasting a strong 4th quarter. Worth a punt?
Listen to the markets - the company may say things are rosy in the short term but money talks. The shares have never touched anywhere near the levels seen since trump decided to increase tariffs on steel imports.
We all thought that AK Steel was supposed to benefit from restrictions on Chinese imports after Donald Trump got himself involved. Doesn’t seem to have done the share price much good?
The shares have more than halved since the initial announcement of tariffs on Chinese steel imports. So, this policy has not benefited this local steel company.
Well well, DTs policy of protecting US steel producers from cheap Chinese imports does not appear to have done this company any good whatsoever!
Does anyone really win with trade wars? Steel was the first sector DT promised to protect - that hasnt gone too well!
