U.S. Steel loss widens as steel shipments fall

Reuters

Jan 27 (Reuters) - United States Steel Corp reported a wider fourth quarter loss as total steel shipments declined from last year.

The Pittsburgh-based steelmaker's net loss was $122 million, or 84 cents per share, compared to a loss of $50 million, or 35 cents per share, a year earlier.

Net sales fell to $4.27 billion from $4.49 billion last year.

Analysts on average had expected revenue of $4.36 billion, on a loss of 25 cents per share, according to Thomson Reuters I/B/E/S.

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