Saturday, October 30, 2004
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."
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."
