The company's results suffered from an increase in steel imports and subdued demand conditions, which negatively impacted realized prices and shipments of the company's Flat-rolled steel division, which accounts for around 60% of the company's revenues. In addition, the results of the Tubular Steel segment, which primarily serves customers in the oil and gas space, were negatively impacted by a fall in demand as a result of subdued drilling activity. Furthermore, the strengthening of the U.S. Do...
Weak Market Conditions & Competition From Steel Imports Negatively Impact U.S. Steel's Q2 Results
Forbes - 30 Jul 2015 19:44
The company's results suffered from an increase in steel imports and subdued demand conditions, which negatively impacted realized prices and shipments of the company's Flat-rolled steel division, which accounts for around 60% of the company's revenues. In addition, the results of the Tubular Steel segment, which primarily serves customers in the oil and gas space, were negatively impacted by a fall in demand as a result of subdued drilling activity. Furthermore, the strengthening of the U.S. Do...
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