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."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.