28
Oct
17:11
US Steel reports decrease in third-quarter revenue
US Steel posted net earnings of $490 million on revenue of $5.2 billion for the third quarter, notes Kallanish. This is a decrease from Q3 2021 net revenue of $5.96 billion.
The company’s earnings presentation credited growing demand for electric vehicles, investments in a differentiated strategy, and higher through-cycle margin products for its revenue.
“Demand headwinds in our Mini Mill and US Steel Europe segments were worsened by temporarily highe…
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Anonymous
Very good overview of the weekly steel market.
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