News Summary: US Steel’s 3Q net income doubles

Published



PROVING THEIR METAL: U.S. Steel made $44 million, or 28 cents per share, in the third quarter. That compared with $22 million, or 15 cents, in the year-ago quarter. Revenue fell 8.4 percent to $4.65 billion. The most recent results reflected several one-time items, including a $27 million tax benefit.

IRONING THINGS OUT: U.S. Steel, like other steel makers, said its performance was pressured by slowing global growth that hurt shipments and prices. Imports also jumped which created plentiful supplies.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.