18
Sep
14:27
US Steel plans for loss in third quarter
US Steel projects a loss for the third quarter, though market conditions continue to improve, the company said in its Q3 earnings guidance.
US Steel projects an adjusted diluted loss of $1.45/share, or $100 million in adjusted earnings before interest, taxes, depreciation and amortization (Ebitda). In the second quarter, US Steel reported a net loss of $589m and an adjusted net loss of $469m, Kallanish notes.
“Improving market conditions experienced i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous