USS posts profit in 1st qtr.; bearish on 2d-qtr.

Apr 29, 2014 | 05:57 PM | Michael Cowden

Tags  U.S. Steel, Mario Longhi, earnings report, outlook, production disruption, Great Lakes Works, Gary Works, extreme weather steel

PITTSBURGH — U.S. Steel Corp. returned to profitability in the first quarter despite harsh winter weather but warned that second-quarter results could be slammed by production and supply chain problems.

The gains came thanks to higher average prices and despite increased natural gas costs, the Pittsburgh-based steelmaker said. But the company warned that its flat-rolled segment will report a loss in the second quarter in part because of operational issues.....

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