26
Jul
22:29
USS cuts losses to $46m
US Steel has recorded a loss of $46 million on sales of $2.58 billion in its second quarter, which ceo Mario Longhi calls a significant improvement over comparable quarters.
USS posted a net loss in Q1 of $340m and a net loss in Q2 2015 of $261m, Kallanish notes.
The company’s flat-rolled segment generated an operating profit of $6m and its European operations made a profit of $55m. The company’s other businesses segment produced $10m, but its tub…
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Anonymous
Very good overview of the weekly steel market.
Anonymous