Times are tough for steel at the moment. A lower worldwide demand combined with a lower average price means shrinking margins for steel companies, woes that are compounded when earnings season comes around. In this video, Motley Fool energy and materials analyst Taylor Muckerman highlights one of the companies hardest hit by the crunch, AK Steel (NYSE: AKS), which is down 33.5% since Tuesday's open, after announcing lowered expectations for Q4 due to pricing pressures. Muckerman takes us through some of the company's troubles in detail, and shows how it stack's up to some of its peers in the industry at the moment.

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