Skip to main content
Advertising

Originally published Tuesday, April 24, 2012 at 2:31 PM

  • Share:
             
  • Comments (0)
  • Print

Summary Box: US Steel posts 1Q loss on plant sale

BY THE NUMBERS: United States Steel Corp. reported a net loss of $219 million, or $1.52 per share, for the first quarter, which included a $399 million loss on the sale of its plant in Serbia. Revenue rose 6.3 percent to $5.17 billion.

The Associated Press

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

BY THE NUMBERS: United States Steel Corp. reported a net loss of $219 million, or $1.52 per share, for the first quarter, which included a $399 million loss on the sale of its plant in Serbia. Revenue rose 6.3 percent to $5.17 billion.

WHERE'S THE GROWTH? Demand was solid from oil drillers and manufacturers that produce cars, industrial equipment and other products. Shipments from its European operations fell nearly 28 percent.

WHAT'S AHEAD: The company expects second-quarter results to be similar to the first quarter. It predicted higher steel prices in Europe and overall demand to be stable.

News where, when and how you want it

Email Icon

The Seattle Times Historical Archives

Browse our newspaper page archives from 1900-1984


Advertising