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U.S. Steel Producers Show Improved Results

U.S. Steel Producers Show Improved Results

SUGAR LAND--August 1, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--U.S. steel producers showed improved financial results for the second quarter of 2016 compared to last year. While cheap steel imports from China and other countries have flooded the market in the past, this has been somewhat alleviated by a series of trade cases that has helped reduce certain types steel imports to the U.S., although other cases remain pending. In a press release regarding the company's second-quarter earnings, United States Steel Corporation (NYSE:X) (Pittsburgh, Pennsylvania) President and CEO Mario Longhi said "The steel industry continues to face challenging conditions as a result of global overcapacity and unfair trade practices. We remain focused on improving our trade laws and their enforcement, and we are encouraged that final affirmative determinations in recent trade cases have been a catalyst for increasing steel prices."

Within this article: Includes positive financial reports from other companies such as AK Steel Holding Corporation (NYSE:AKS), Steel Dynamics Incorporated (NASDAQ:STLD) and Nucor Corporation (NYSE:NUE).