U.S. Steel posts $73M loss in 1st quarter

Apr 30, 2013 | 12:18 PM | Thorsten Schier

Tags  U.S. Steel, first quarter earnings report, John Surma, flat-rolled, tubular, Thorsten Schier

NEW YORK — U.S. Steel Corp. posted a $73-million net loss in the first quarter as improved results by its tubular and European segments were offset by a weaker performance in the company’s flat-rolled segment.

"Lead times throughout the first quarter of 2013 remained short and afforded buyers the opportunity to limit their order book exposure, preventing upward movement in spot market prices," the company said April 30.....

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