This excerpt taken from the AKS 10-K filed Mar 2, 2006.
Net Income (Loss) during 2004 and 2003
The Companys net income in 2004 was $238.4, or $2.18 per diluted share. The 2003 net loss reported was $560.4, or $5.17 per diluted share. The improvement in the 2004 results was due primarily to a robust spot market and the successful implementation of raw material and energy surcharges on spot market sales, lower operating costs, the gain on the sale of discontinued operations, and the reversal of deferred tax valuation allowances taken in prior years.