US Steel reports smaller loss than expected
U.S. Steel (NYSE:X) +6.2% after-hours after reporting a smaller than expected Q4 loss and saying it expects improving results this year following Q1.
Q4 revenue fell 23% Y/Y to 2.82B from 3.69B; flat-rolled shipments fell 8% to 2.52M net tons at an average realized price of 6699/TON vs. 8823/TON in the prior-year quarter, and tubular shipments slid 10% to 193K tons at an average realize price of $1,298/ton vs. $1,488/ton a year earlier.
But U.S. Steel expects Q1 will be "the trough for the year due to the normal seasonality of our mining operations and lower [Q1] shipments in Flat-rolled as the company prepares for the April blast furnace outage at Gary Works."
Source seekingalpha
Q4 revenue fell 23% Y/Y to 2.82B from 3.69B; flat-rolled shipments fell 8% to 2.52M net tons at an average realized price of 6699/TON vs. 8823/TON in the prior-year quarter, and tubular shipments slid 10% to 193K tons at an average realize price of $1,298/ton vs. $1,488/ton a year earlier.
But U.S. Steel expects Q1 will be "the trough for the year due to the normal seasonality of our mining operations and lower [Q1] shipments in Flat-rolled as the company prepares for the April blast furnace outage at Gary Works."
Source seekingalpha
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.