28
Apr
01:00
US Steel Q1 earnings impacted by lower shipments, higher imports
Reduced volumes and average realised prices pushed US Steel to a $75m loss in the first quarter of the year. Challenging market conditions and a tremendously high level of imports were chiefly to blame, the company said in an earnings release reviewed by Kallanish.
The $75m loss includes a loss of $65m on the shutdown of coke production facilities at its Gary Works and Granite City Works. The quarterly loss compares to Q1 2014 net earnings of $52m and Q4 201…
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Anonymous
Very good overview of the weekly steel market.
Anonymous