Steel Mills
March 14, 2016
Low Steel Prices Result in January Loss for US Steel Canada
Written by Sandy Williams
US Steel Canada continues to lose money due to low steel prices said Court Monitor Alex Morrison in the 22nd monitor’s report.
January steel shipments at the CCAA protected steel mill increased by 9 percent to 150,878 tons. Revenue was *$79.0 million resulting in an average selling price per ton of $524. Selling price was significantly lower than the average price of $811 per ton in January 2015 and $694 per ton for the full year 2015. Lower pricing, wrote Morrison, was due to broad decline in sales prices in North America as well as a change in sales mix from lost automotive sales.
