Steel Mills
July 29, 2014
US Steel Narrows Losses
Written by Sandy Williams
US Steel reported a net loss of $18 million in the second quarter, performing better than expected and narrowing losses. Net sales were $4.4 billion as compared to $4.448 billion in first quarter. Total steel shipments were 5.029 million tons, down from 5.124 million tons in the previous quarter.
Flat rolled shipments were 3.527 million tons as compared to 3.674 million tons in Q1. Tubular shipments were up slightly to 449,000 tons from 419,000 tons.
