July 29, 2014 / 8:21 PM / 3 years ago

U.S. Steel loss narrows in second quarter

1 Min Read

July 29 (Reuters) - United States Steel Corp reported a narrower second-quarter loss on Tuesday as steel prices improved, but the impact of bad weather, higher repairs and maintenance costs continued to weigh on earnings.

Net loss narrowed to $18 million, or 12 cents a share, in the three months to end-June from $78 milllion, or 54 cents, a year earlier. Net sales were flat at $4.4 billion. (Reporting by Allison Martell in Toronto and Nicole Mordant in Vancouver; Editing by Jonathan Oatis)

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