03
Nov
22:03
US Steel loses $173m in Q3
US Steel posted a third-quarter loss of $173 million, which the company attributes to aggressive import levels and charges related to its planned shuttering of its Fairfield, Alabama, steelworks.
“Imported flat-rolled products, much of which we believe are dumped and/or subsidised, remained excessively high in the third quarter, causing further damage to the domestic market,” US Steel says in its earnings review. “Based on preliminary statistic…
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Anonymous
Very good overview of the weekly steel market.
Anonymous