31
Jul
12:52
US Steel posts loss in second quarter
US Steel fell into the red in the second quarter due to shutdowns associated with the Covid-19 pandemic, Kallanish understands.
US Steel lost $589 million on sales of $2.1 billion in Q2, down from earnings of $68m on sales of $3.5 billion in Q2 2019.
Average realised flat-rolled prices fell on-year from $779/short ton in flat-rolled to $721/st, while tubular realised prices fell from $1,524/st to $1,288/st.
Total external shipments also dropped…
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