Steel Mills
July 28, 2016
US Steel Narrows Losses, Pleased With Trade Case Results
Written by Sandy Williams
US Steel narrowed its losses in second quarter, reporting a net loss of $46 million compared to a loss of $340 million in first quarter, and $261 million in Q2 2016. Net sales for the company totaled $2.58 billion.
Earnings for the flat rolled and US Steel Europe segments returned to positive numbers at $6 million and $55 million, respectively. The tubular business posted a loss of $78 million compared to a loss of $64 million in first quarter.
