Tag: Stelco

U.S. Steel’s $1.8 Billion “Goodwill Impairment” Charge

U.S. Steel will report their 3rd Quarter earnings this week. Prior to the announcement the company and its new CEO, Mario Longhi announced what many in the industry already knew – two asset purchases made in 2007 are not worth what the company paid for them. The result is USS is taking a non-cash goodwill […]

U.S. Steel: Lake Erie, Utilization Rates, Foreign Imports, PRO-TEC, Tubulars, Pricing

Steel Market Update likes to review the transcripts of the earnings conference calls between analysts and the steel mills to see what we can glean from the comments being made by the top executives at the mills. We found a number of items of interest in the U.S. Steel conference call. USS Running at 90% […]