Steel Mills
October 30, 2014
Carnegie Way Changes Having Impact on US Steel
Written by Sandy Williams
US Steel announced in their earnings conference call that Carnegie Way benefits now total $495 million for 2014 due primarily to improvements in manufacturing processes, supply chain and logistics, and SG&A reductions.
“While our operating difficulties in North America in the first half of the year made it difficult to see the results of our Carnegie Way transformation efforts in our bottom line, it is clear from our third quarter results that the benefits are real, they are substantial, and we are establishing an improved level of earnings power for our company,” said Dave Burritt, Executive Vice President and Chief Financial Officer.
