United States Steel Corp. (X) reported that its third quarter net loss attributable to the company was $303 million, or $2.11 per share, compared to net income of $919 million, or $7.79 per share, in the third quarter of 2008. Analysts polled by Thomson Reuters expected the company to report a loss of $2.87 per share for the quarter. Analysts' estimates typically exclude special items.
The company reported a third quarter 2009 loss from operations of $412 million, compared with income from operations of $1,327 million in the third quarter of 2008.
Net sales for the quarter were $2.82 billion, compared to $7.31 billion in the prior year quarter. Seven analysts had consensus revenue estimate of $2.72 billion for the quarter.
U. S. Steel Chairman and CEO John P. Surma said, "We expect improvement in our overall fourth quarter results mainly as a result of increased demand for Flat-rolled products in North America, driven primarily by automotive markets and continued strength in tin mill markets. However, we expect to report an overall operating loss in the fourth quarter due primarily to continued low operating rates and idled facility carrying costs for our Flat-rolled and Tubular segments. We remain cautious in our outlook for end user demand as customer order rates in Flat-rolled and U. S. Steel Europe (USSE) have decreased from the third quarter, partly due to seasonal slowdowns, and we will continue to adjust production to meet our customers' demand."
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.