01
Aug
22:13
US Steel earnings fall, investment programme heats up
US Steel saw its second-quarter earnings drop significantly on-year, though the company maintains its investment strategy will pay dividends down the road, Kallanish reports.
US Steel earned $68 million in Q2 on sales of $3.5 billion, down from earnings of $214m on sales of $3.6 billion in Q2 2018.
"Our execution in the second quarter was strong despite challenging market conditions,” says ceo David Burritt. “We overcame logistics headwinds f…
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Anonymous
Very good overview of the weekly steel market.
Anonymous