Epstein File EFTA01385453: Michelle Steel and Steel (DS10)

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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA01385453: Michelle Steel and Steel (DS10)

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Corporate credit analysis dated January 3, 2018 regarding AK Steel Holding Corporation (AKS), discussing anticipated lackluster fourth quarter results due to input cost inflation amid stable steel prices. The report notes that contracted prices renew around year-end and anticipates higher spot steel prices.

👤 Named in This Document

Michelle Steel

🔑 Evidence Keywords

📋 Key Excerpts3

PersonKeyword

Excerpt 1

3 January 2018 HY Corporate Credit HY Multi Sector, Media, Cable & Satellite AK **Steel** Holding Corporation (AKS): Gloomy Anticipated 40 Results Likely the

Excerpt 2

AKS guided to lackluster results in 4Q due to input cost inflation amid stable **steel** prices that are likely to achieve higher levels and cover the cost

Excerpt 3

More, the highest proportion of AKS' contracted prices renew around yearend; given higher spot **steel** prices, we would expect AKS' contracted-part of its