USS expects to log $1.8B write-down

Oct 21, 2013 | 03:06 PM | Catherine Ngai

Tags  U.S. Steel, impairment charge, write-down, Nucor, Steel Dynamics, catherine ngai

NEW YORK — U.S. Steel Corp. expects to record a write-down of about $1.8 billion during the third quarter as a result of slow economic growth and global overcapacity, the company said Oct. 18.

The non-cash goodwill impairment charge is related primarily to its North American flat-rolled operations and its Texas tubular operations, the Pittsburgh-based integrated steel producer said.....

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