SOURCE: Industrial Info Resources

Industrial Info Resources

January 26, 2011 05:30 ET

U.S. Steel Sees Smaller Losses in Fourth-Quarter 2010, Expects Further Gains in Early 2011, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - January 26, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- United States Steel Corporation (NYSE:X) (U.S. Steel) (Pittsburgh, Pennsylvania) reported overall losses for the fourth quarter of 2010, largely due to weak steel market conditions in what is normally a "down" season for the industry, and overall losses for the year that were smaller than those experienced in fourth-quarter and full-year 2009.

Industrial Info is tracking 19 active U.S. Steel projects in the U.S. and Canada that are worth a total of more than $2.5 billion, including the $250 million expansion of a steel tube mill in Lorain, Ohio. For more information, visit Industrial Info's North American Metals & Minerals Project Database.

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