Summary Box: US Steel narrows loss in 4Q

AP News
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Posted: Jan 31, 2012 5:29 PM
Summary Box: US Steel narrows loss in 4Q

BY THE NUMBERS: U.S. Steel Corp. reported a fourth-quarter net loss of $226 million, or $1.57 per share, compared with a loss of $249 million, or $1.74 per share, a year earlier. Revenue rose 12 percent to $4.82 billion.

WINNERS, LOSERS: Shipments of tubes and pipes used by the energy industry increased. Shipments of products used for manufacturing automobiles, industrial equipment and other long-lasting goods fell 2 percent.

WHAT'S NEXT: U.S. Steel has predicted that operating results will improve in the first quarter because of higher prices and shipments.