U.S. Steel reports third consecutive quarterly profit

DailyItem.com: “United States Steel Corp. swung to its third consecutive quarterly profit, helped by higher prices and a tax gain. […]

Revenues for U.S. Steel climbed about 47 percent to $3.73 billion on the quarter.

Although shipments were down slightly, higher prices and margins domestically and in Europe continued to help the Pittsburgh company. Average prices for flat-rolled steel were up 47.8 percent to $627 per net ton domestically, while tubular prices rose to $907 per net ton, up 45 percent from the same time last year.”

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.