United States Steel has disappointed investors with dire forecasts for the current year, despite the company's stock up 40 percent over the past year, outperforming other companies by a wide margin. But in 2014, investor hopes for a turnaround in US Steel faded away on their own after the company's disastrous results in the fourth quarter of 2013.
US Steel's net loss in the last quarter rose to $ 122 million from $ 50 million. This happened despite an increase in US steel prices in 2013. Therefore, while investors expected positive dynamics, their hopes were shattered by the sinking of US Steel.
In addition, US Steel's revenues declined year on year to $ 4.27 billion from $ 4.49 billion last year. By comparison, Nucor saw revenue growth of 10 percent in the most recent quarter, along with a jump in net profit. Thus, it is clear that US Steel does not have enough demand for its products and investors should keep a close eye on the company's turnover efforts.
However, US Steel says it has a good chance of bouncing back from the emerging improvement in the final markets in the construction and oil and gas industries. The company is also seeking to reduce production costs in electric arc furnaces and implement other strategies to increase profitability as a leading manufacturer of flat products, tubular products and related products.
United States Steel made a statement to investors

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Azovpromstal® 27 March 2014 г. 15:27 |