AK Steel predicts $20-a-ton operating...

AK Steel predicts $20-a-ton operating loss in 3rd quarter | The Col...

There are 9 comments on the Columbus Dispatch story from Sep 15, 2010, titled AK Steel predicts $20-a-ton operating loss in 3rd quarter | The Col.... In it, Columbus Dispatch reports that:

AK Steel said today it expects to post an operating loss in the third quarter because of higher-than-expected maintenance costs and raw materials prices being supported by surging demand in China and other emerging markets.

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partier

Columbus, OH

#1 Sep 15, 2010
They are making a lot less cars these days, which is causing the price of used cars to increase and will result in a lot less scrap steel availability in the future. Most anything made out of metal - appliances, mowers, tools - are way down in sales, almost to depression levels. We are going to consume our big stockpile of scrap metal left over from the time that American overconsumed using debt, and then scrap metal will be rare and valuable...
Seeko

Johnstown, OH

#2 Sep 15, 2010
Half the US mills are owned by the Dutch and Russians. Chinese are swinging our scrap markets. Maybe having the Ten Commandments in school and having God on our side was better than we thought. Get back to what works. America bless God so he can bless the USA.
Citizen

Lewis Center, OH

#3 Sep 15, 2010
What about all the cars that were scrapped when they were trying to bolster new car sales to save GM etc? Where did all that go. AK Steel has been losing money as far back as I can remember. They have always been known more for laying off people than hiring. It's probably more propaganda to get money or tax relief from the feds. However, being a Japanese company who cares let them go down and get out. We can always start a good old fashioned American Company. Maybe this is exactly what we need to get a few of these foreign owned companies the h3ll out of our country. Oh by the way.. Chinese steel products are junk. They can seem to get away from producing crap now can they.
3rd World America

Reynoldsburg, OH

#4 Sep 15, 2010
Seeko wrote:
Half the US mills are owned by the Dutch and Russians. Chinese are swinging our scrap markets. Maybe having the Ten Commandments in school and having God on our side was better than we thought. Get back to what works. America bless God so he can bless the USA.
What worked was having more A-bombs than the other guy and a military crazy enough to use them. Well, the other guy(s) caught up, the crazies retired and business sold its soul to appease the stockholders. There's no going back, just forward and down.
Lex

Reynoldsburg, OH

#5 Sep 15, 2010
In last night's debate, was AK Steel one of the "business opportunities" that Kasich bragged about creating. First, shmoozing a stock or bond offering isn't exactly saving jobs or creating jobs. Second, if AK was one of Kasich's customers (?), will he have better luck with other companies who have to compete with China. And if he "incentivizes" them with our tax dollars to leave other U.S. States and come to Ohio, has he helped resolve the national recession ... or simply spent our money to move a company that still has to compete with the foreigners. I'm just saying that it's easy to say that you've got the answer when you aren't even being tested. Gov. Strickland has been dealing with a Republican Senate and a budget that tanked when tax revenues plummeted. If there had been sensible, cost-effective opportunities to move or start viable businesses in Ohio, he had every motivation to pursue those opportunities. Kasich is blowing smoke ... promising the Reagan program that resulted in a huge deficit, a recession that was worse than this one, and huge cut backs in valuable government services-- including financial regulation!! We don't need more Ronald Reagan -- we can't spend our way out of this mess using more debt.
things

United States

#6 Sep 15, 2010
partier wrote:
They are making a lot less cars these days, which is causing the price of used cars to increase and will result in a lot less scrap steel availability in the future. Most anything made out of metal - appliances, mowers, tools - are way down in sales, almost to depression levels. We are going to consume our big stockpile of scrap metal left over from the time that American overconsumed using debt, and then scrap metal will be rare and valuable...
No the price of used cars went up when the sales of new cars dropped. Demand for used went up. Didnt you learn about supply and demand? Supply of new increased supply of used decreased so prices of the used went up prices of new went down.
the truth

Sheridan, AR

#7 Sep 15, 2010
Obama and Ted helping the Chi coms and they want to tax bussines. Nice kill more jobs DNC the Chi coms thank you
Downhill from here

Fremont, OH

#8 Sep 15, 2010
Lex wrote:
In last night's debate, was AK Steel one of the "business opportunities" that Kasich bragged about creating. First, shmoozing a stock or bond offering isn't exactly saving jobs or creating jobs...... Kasich is blowing smoke ... promising the Reagan program that resulted in a huge deficit, a recession that was worse than this one, and huge cut backs in valuable government services-- including financial regulation!! We don't need more Ronald Reagan -- we can't spend our way out of this mess using more debt.
What are you talking about? The recession in the early 1980's was not worse that this one, it was caused by Fed action bought about by then Fed chairman Paul Volker who is now an Obama advisor. The Fed raised interest rates to combat the inflation of the late 1970's - and it worked. Financial deregulation was in the 1990's with the repeal of Glass Steagal signed by Bill Clinton. And what valuable government services were cut back? Federal spending has done nothing but grow over the last 30 years. I do agree with your debt comment, just don't try to misremember the past. No political party is without fault for our current problems.
Tea Party

Columbus, OH

#9 Sep 17, 2010
Downhill from here wrote:
<quoted text>
What are you talking about? The recession in the early 1980's was not worse that this one, it was caused by Fed action bought about by then Fed chairman Paul Volker who is now an Obama advisor. The Fed raised interest rates to combat the inflation of the late 1970's - and it worked. Financial deregulation was in the 1990's with the repeal of Glass Steagal signed by Bill Clinton. And what valuable government services were cut back? Federal spending has done nothing but grow over the last 30 years. I do agree with your debt comment, just don't try to misremember the past. No political party is without fault for our current problems.
Our current problems are caused by SOCIALIST TAXATION and LAZY UNION WORKERS. Period. Get rid of both of these problems and business will prosper. We need to eliminate the state income tax and get rid of all the state workers. All this OSHA and EPA and WORKERS COMP has made Ohio the most anti-business state in America, if not the entire world. People in the ghettos with their hands out and we have to pay for their food and pay for their "head start" and pay for their "Acorn prostitution business advice" and the people who choose to work are impoverished through CONFISCATORY TAXES! Kasich is going to cream Strickland and the UNION STATE WORKERS WILL BE SENT PACKING!!!

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