AKS - Does Donald Trump's New Tariffs Help AK Steel To Increase Profits?

AK Steel (NYSE: AKS) has been working on several business initiatives to cope with the unstable business environment. It generated positive earnings per share of $0.03 in fiscal 2017, the first yearly profit in the past five years. The improvement in steel price and its transformation measures helped to increase revenues and lessen operating expenses.

AK Steel posted revenue of $6.08 billion in fiscal 2017, up 3% from the same period last year. The average growth of 7% in flat-rolled steel price allowed the company to generate higher revenues in last year.

The company ...