USS still in red despite shipment rise
Apr 24, 2012 | 01:24 PM
| Anne Riley
Tags
U.S. Steel,
tubular,
steel,
sheet,
Anne Riley
NEW YORK — U.S. Steel Corp.’s flat-rolled division reported its highest shipping level since the third quarter of 2008 during the first three months of 2012 and expects to maintain that momentum throughout the second quarter, the Pittsburgh-based steelmaker said Tuesday as it reported its second consecutive quarter in the red.
In the first quarter, U.S. Steel posted a net loss of $219 million vs. a $211-million loss in the fourth quarter and an $86-million loss in the first three months of last year. The steelmaker reported sales of $5.17 billion in the first quarter, up 7.3 percent from $4.82 billion in the fourth quarter and 6.3 percent from $4.86 billion in the first quarter of 2011.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here