U.S. Steel Sees Hopes Dashed for Better Market in Second-Half 2015
SUGAR LAND--November 5, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--United States Steel (NYSE:X) (U.S. Steel) (Pittsburgh, Pennsylvania) executives say their hopes for better steel market conditions in the second half of this year have not materialized. Nonetheless, the company reported improved results in third-quarter 2015, as its losses narrowed by 16% from a year earlier. Industrial Info is tracking 15 active U.S. Steel projects worth nearly $335 million, but plant shutdowns could alter the course of the company's project slate.
Within this article: Details on U.S. Steel's quarter and projects, including the planned shutdown of a flat-rolled facility in Illinois, as well as results from other companies, such as Steel Dynamics Incorporated (NASDAQ:STLD), Nucor Corporation (NYSE:NUE) and AK Steel (NYSE:AKS).
