U.S. Steel Loss Narrows on Lower Costs-Shanghai Metals Market

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U.S. Steel Loss Narrows on Lower Costs

Industry News 09:38:00AM Jan 30, 2013 Source:SMM

Jan 29 (Reuters) - U.S. Steel Corp, the largest steel producer in the United States by volume, reported a narrower loss for the fourth quarter as lower costs helped offset a steep decline in prices.

Net loss narrowed to $50 million, or 35 cents per share, in the quarter ended Dec. 31, from $211 million, or $1.46 per share, a year earlier.

Revenue fell 7 percent to $4.49 billion.

Analysts on average had expected a loss of 75 cents per share on revenue of $4.35 billion, according to Thomson Reuters I/B/E/S.

 

Key Words:  U.S. Steel Corp 

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U.S. Steel Loss Narrows on Lower Costs

Industry News 09:38:00AM Jan 30, 2013 Source:SMM

Jan 29 (Reuters) - U.S. Steel Corp, the largest steel producer in the United States by volume, reported a narrower loss for the fourth quarter as lower costs helped offset a steep decline in prices.

Net loss narrowed to $50 million, or 35 cents per share, in the quarter ended Dec. 31, from $211 million, or $1.46 per share, a year earlier.

Revenue fell 7 percent to $4.49 billion.

Analysts on average had expected a loss of 75 cents per share on revenue of $4.35 billion, according to Thomson Reuters I/B/E/S.

 

Key Words:  U.S. Steel Corp