It’s reported that US Steel launched its financial result for the first quarter of 2013 on Tuesday. In the first quarter of this year, US Steel posted a net loss of US$73 million, in comparison of a net loss of US$50 million in a quarter ago.
At the same time, the company realized sales revenues of US$4.6 billion, compared to sales revenues of US$5.2 billion in the fourth quarter of 2012. John Surma, the CEO of US Steel stated that the total reportable segment and other business operating results have improved in the first quarter of this year, in spite of the slowdown in global economy and competitive steel market.
For the prospect, US Steel expected that its total reportable segment and other business operating results to stay breakeven in the second quarter of this year.
