01
Feb
20:07
US Steel expects hefty profit gain in 2018
US Steel expects to almost double its full-year 2017 earnings this year due to a broad market recovery, Kallanish understands.
US Steel earned a net income of $387 million on sales of $12.25 billion. In 2016, the company lost $440m on sales of $10.26 billion.
Assuming market conditions do not deviate too far from their late-January levels, US Steel expects to earn about $685m in 2018.
“Our focus in 2018 remains on improving the fundamental drivers of…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous