02
Nov
16:21
USS Tubular still generates losses
While the company as a whole posted a third-quarter profit, US Steel’s tubular division continues to operate at a loss, Kallanish learns from the company’s earnings review.
US Steel made $51 million in Q3, its best results since 2014.
Its cornerstone flat-rolled business generated $114m in operating profit, and its European division produced $81m. US Steel’s auxiliary businesses made $18m.
Tubular, however, showed an operating loss of $75…
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Anonymous
Very good overview of the weekly steel market.
Anonymous