US Steel Corp. reported a full-year 2016 net loss of $440 million, compared to a full-year 2015 net loss of $1.6 billion. Fourth quarter 2016 net loss of $105 million compares to fourth quarter 2015 net loss of $1.1 billion, and third quarter 2016 net earnings of $51 million.
Commenting on an outlook for 2017, US Steel President and Chief Executive Officer Mario Longhi said, "We are starting 2017 with much better market conditions than we faced at the beginning of 2016. If market conditions, which include spot prices, raw material costs, customer demand, import volumes, supply chain inventories, rig counts and energy prices, remain at their current levels, we expect 2017 net earnings of approximately $535 million.”