28
Jan
22:23
US Steel records loss, trumpets forward strategy
US Steel recorded a net loss of $1.16 billion in 2020, though the company remains optimistic about its “best of both” strategy to add minimill capacity, Kallanish understands.
Total sales in 2020 were $9.74 billion. In 2019, the company lost $630m on sales of $12.94 billion.
Rising steel prices late in the year provide a preview for early 2021, says ceo David Burritt.
“Our performance continues to strengthen as we enter 2021 and we …
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Anonymous
Very good overview of the weekly steel market.
Anonymous