Steel Mills
July 30, 2015
US Steel Losses Hinge on Imports, Pricing
Written by Sandy Williams
US Steel is expecting higher steel prices and shipments in the second half of 2015 helped by the recent trade case on cold rolled steel and an upcoming trade case on hot rolled steel.
The company reported a net loss of $261 million for second quarter which included a write down of $136 million on US Steel Canada and $10 million net loss related to non-cash restructuring and other charges. Net loss in Q1 2015 totaled $18 million.
