US Steel reports substantial net loss for full year, Q4 2016

Wednesday, 01 February 2017 01:08:14 (GMT+3)   |   San Diego
       

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.”

Similar articles

US Steel issues guidance for lower net earnings in Q3

19 Sep | Steel News

US Steel reports lower net earnings in Q1

28 Apr | Steel News

US Steel reports lower net earnings in Q4, full-year 2022

03 Feb | Steel News

US Steel posts $490 million in net earnings for Q3

28 Oct | Steel News

US Steel reveals Q3 guidance, plans to idle furnace at Gary Works

16 Sep | Steel News

US Steel reports $1.07 billion in net earnings in Q4

28 Jan | Steel News

US Steel expects increased earnings in Q3

17 Sep | Steel News

US Steel reports $1.01 billion in net earnings for Q2

29 Jul | Steel News

US Steel expects to report strong net earnings for Q2

18 Jun | Steel News

US Steel reports $91 million in net earnings for Q1

30 Apr | Steel News