Summary Box: US Steel posts $51 million loss in 3Q

AP News
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Posted: Oct 26, 2010 5:34 PM
Summary Box: US Steel posts $51 million loss in 3Q

BY THE NUMBERS: U.S. Steel Corp. posted a third-quarter loss of $51 million, or 35 cents per share. That compared to a loss of $303 million, or $2.11 a share, a year ago.

ECONOMIC IMPACT: The Pittsburgh manufacturing giant said it continued to lose money because of weak demand amid the uneven global economic recovery.

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WHAT'S NEXT: U.S. Steel expects fourth-quarter results will be similar to the third quarter because of lower average prices, shipments and production volume.