25
Jul
22:06
US Steel nets second quarter profit
US Steel posted net earnings of $261 million on sales of $3.14 billion in the second quarter, returning to profitability.
The steelmaker lost $180 million during Q1 and $46m in Q2 2016, Kallanish notes.
“Our facilities performed better in the second quarter, particularly in our flat-rolled segment,” says ceo David Burritt. “Better operations, combined with higher prices and volumes in all of our segments and improved results from our mining …
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Anonymous
Very good overview of the weekly steel market.
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