Integrated steelmaker US Steel's shipments fell in the second quarter as each of its steelmaking segments faced declines.
The company's total second quarter shipments were 3.97mn short tons (st), down by 5.2pc from a year earlier, the company said in an earnings release this afternoon.
The company's non-grain oriented electrical steel line at its electric arc furnace (EAF) scrap-based Big River Steel mill in Arkansas is being commissioned and will start up later in the third quarter.
US Steel's integrated US-based mills shipped 2.24mn st in the quarter, down by 5.5pc, while production rose by 4.3pc to 2.53mn st and mill utilization rates were at 77pc, up by 3 percentage points from a year earlier.
Big River Steel mill shipments fell by 4.6pc to 587,000st while production was flat at 749,000st and utilization rates were flat at 91pc.
Big River sent 142,000st of its substrate to the integrated mills, up by 29pc from the prior year, while the integrated pig iron caster in Gary, Indiana shipped 86,000st of pig iron to Big River.
US Steel's Slovakian integrated mill shipped 1.03mn st, down by 3.1pc, while production was relatively flat at 1.21mn st and utilization rates were at 97pc, also flat.
Tubular shipments fell by 18pc to 111,000st while production fell by 23pc to 129,000st with utilization rates dropping by 18 percentage points to 57pc.
US Steel earned a profit of $477mn in the second quarter, less than half the $978mn it made a year earlier.
