US flat steel demand healthy in Q1, virus outlook uncertain: US Steel

摘要

Demand for flat-rolled steel products in the US has been healthy throughout the first quarter of 2020, however the impact of the ongoing coronavirus pandemic on the rest of the year is unknown given the rapidly evolving situation, US Steel said Friday. US Steel expects to report an adjusted loss of 8 cents per diluted share in the first quarter of 2020, it said in its first quarter guidance issued Friday. This compares with earnings of 31 cents per diluted share, or $54 million, on sales of $3.5 billion in the year-ago quarter.