29
Oct
20:58
US Steel reports Q3 net loss of $234m
US Steel remained in the red on-year during the third quarter, Kallanish reports.
US Steel lost $234 million in Q3 on sales of $2.34 billion. In Q3 2019, the company lost $84m on sales of $3.07 billion.
Flat-rolled operating losses deepened on-year to $159m from a profit of $46m in Q3 2019.
Tubular losses likewise fell to $52m from a loss of $25m in Q3 2019.
Only the company’s European division turned an operating profit during Q3,…
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Anonymous
Very good overview of the weekly steel market.
Anonymous