Steel Mills
February 1, 2018
U.S. Steel Ends Year With Strong Quarter, Commitment to Invest
Written by Sandy Williams
U.S. Steel finished 2017 on a strong note with net sales of $3.13 billion and net earnings of $159 million in the fourth quarter. Steel shipments for the quarter totaled 3.8 million tons.
Commenting on U.S. Steel’s results, President and CEO David Burritt said, “We finished the year with three solid quarters as investments in our assets helped to provide more stable operating performance, and results for all three of our reportable segments were in line with our expectations. We made good progress on our asset revitalization program in 2017, achieved the quality and reliability improvements we committed to for 2017, and are confident that we will achieve our 2018 improvement objectives.”
