U.S. Steel 3Q Results

U.S. Steel announced 3Q results on Tuesday.

Steel shipments and sales inched up, although the company still lost money.

 The company suffered a $300 million dollar loss. But the losses are slowing, according to their financial report.

U.S. Steel owns Minntac and Keewatin Taconite.

The market outlook for the rest of the year remains similar to 3Q, which plays into why KeeTac is not being re-started as originally though.

Minntac continues to run all 5 production lines.