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US Steel’s 4Q loss widens on charges, shipments

By Washington Examiner
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US Steel’s 4Q loss widens on charges, shipments

PITTSBURGH (AP) — US Steel reported a wider fourth-quarter loss on lower shipments and charges mostly related to closing a plant.

United States Steel Corp. said Monday that it lost $122 million, or 84 cents per share. That compared with a loss of $50 million, or 35 cents per share, a year ago. Revenue dropped 5 percent, to $4.27 billion.

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