Steel Mills
January 31, 2017
US Steel Narrows Loss in 2016
Written by Sandy Williams
US Steel narrowed its annual net loss in 2016, posting a full year loss of $440 million compared to a net loss of $1.6 billion in 2015. Net sales for the year totaled $10,261 million. Sales for fourth quarter were $2.65 billion, down from 2.69 billion in third quarter.
The company posted a net loss of $105 million for fourth quarter that included unfavorable adjustments totaling $152 million. In comparison third quarter had net earnings of $51 million with unfavorable adjustments totaling $14 million.
