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.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=172572, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to metalsandmineralsgroup@industrialinfo.com or visit us at www.industrialinfo.com.

Follow us on: Facebook - Twitter - LinkedIn - Vimeo