Steel Corp. said an extraordinary loss of 52 million dollars related to the costs of health-care benefits following the June sale of its coal mining business helped lead to a net loss of 49 million dollars for the fiscal quarter that ended on June 30. In the same quarter a year earlier; the company's net loss was 27 million dollars. The company said results in the most recent quarter declined because of a 57-million dollars increase in pension and other post-retirement benefit costs, a 29-million dollars increase in domestic natural gas costs and higher- maintenance spending, much of that from 38 million dollars spent by its flat rolled steel operations on planned repairs at its Gary, Indiana works.
展开▼