Steel Mills
November 3, 2015
US Steel Mitigates Losses in Q3
Written by Sandy Williams
US Steel Corp. reported a net loss of $173 million for third quarter 2015. Results included a $53 million loss due to shutdown of the blast furnace and associated operations at Fairfield Works. It also included a charge of $10 million for pension obligations to US Steel Canada and $7 million in restructuring costs.
In comparison, the company posted a net loss of $207 million in Q3 2014 and $261 million in Q2 2015. US Steel attributed Carnegie Way savings for mitigating losses.
