Shares of AK Steel dropped Monday, erasing gains from last week’s spike on rumored takeover talk.
“It’s giving all that back as Mitsui’s said this morning ‘we have no interest in AKS,'” Philip Gibbs, vice president and equity analyst at KeyBanc Capital Markets, told CNBC.
AK Steel declined to comment, while Mitsui did not immediately return CNBC’s request for comment.
