29
Jul
01:00
US Steel posts heavy loss but sees H2 improvement
US supply chain inventories continue to rebalance, particularly in the flat rolled markets, and United States Steel Corporation expects the second half of the year to be much improved from the first.
The steelmaker made the comments as it reported a net loss of $261 million, including a $136m non-cash write-down on US Steel Canada, for the second quarter 2015 on sales of $2.9 billion. This compares to a $174m net loss in Q1 2015 on sales of $3.27 billion, an…
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Anonymous
Very good overview of the weekly steel market.
Anonymous