American steel company US Steel announced that the first quarter of this year ended with a loss of $ 180 million.
This means that the company had a loss per share of $ 1.03. This is worse than analysts' expectations presented earlier. Analysts had expected the company's revenues to be around $ 2.92 billion, higher than the $ 2.73 billion received. Since the beginning of this year, the share price has dropped by almost 6 percent.
US Steel owns one of the largest metallurgical plants in the European region, the Kosice plant in Slovakia. However, in connection with the reorganization, the sale of the European division of US Steel is not excluded.
Losses of American steel workers are higher than expected
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Azovpromstal® 27 April 2017 г. 09:43 |
