Steel Mills
July 26, 2017
U.S. Steel Reports Big Profit in Q2
Written by Sandy Williams
U.S. Steel turned around a series of losses to achieve net earnings of $261 million in second-quarter 2017. The company is focused on revitalizing operations and said it will invest an estimated $1.3 billion in its flat rolled assets in 2017.
By 2020, U.S. Steel expects the revitalization program to increase hot rolled band production capability at Gary Works, Great Lakes Works and Mon Valley by 1 million tons from the current 2017 forecast of approximately 10 million tons.
