X - 6%
BRIEF-United States Steel Q2 results - RTRS
Lunes, 25 de Julio de 2011 06:50:51 p.m.
July 25 (Reuters) - United States Steel Corp X.N :
* Says raw materials costs are expected to remain relatively stable in Q3
* Reports 2011 second quarter results
* Q2 shr $1.33
* Q2 sales $5.1 bln vs I/B/E/S view $5.49 bln
* Q2 shr view $1.21 -- Thomson Reuters I/B/E/S
* Qtrly shipments of 5.5 million tons
* Flat-rolled results for the third quarter are expected to decline compared
to the second quarter 2011,
* Qtrly tubular segment results were in line with the first quarter of 2011
* Says "united states and europe continue to face an uneven economic recovery"
* Says expect Q3 results for European segment to be in line with the second
quarter 2011
* Says "we expect to report an overall lower operating profit in the third
quarter sequentially"
* Tubular third quarter results for 2011 are expected to improve significantly
compared to the second quarter
* Says Q3 shipments and raw steel utilization are expected to be in line with
the second quarter