Analyst cuts AK Steel estimate (at bizjournals.com) and TNK-BP appoints former German Chancellor to board (AP)

Longbow Research steel industry analyst Bob Richard has slashed his 2009 earnings estimate for AK Steel by 74 percent. He cited lower expected shipments, increased exposure to the automotive industry, and sensitivity to changes in the price of scrap steel on the spot market. Richard cut his fourth-q…

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