Business

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

By Washington Examiner
Published January 28, 2014 1:14am ET
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US Steel’s 4Q loss widens on charges, shipments
FILE - In this April 29, 2008 file photo, the U.S. Steel Corp. flag flies in front of their headquarters building in Pittsburgh. US Steel reports quarterly financial results after the market closes on Monday, Jan. 27, 2014. (AP Photo/Keith Srakocic, File) | Keith Srakocic

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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