US steelmaker US Steel said stronger shipments and better than expected manufacturing performance reduced its losses in the third quarter.
The integrated steelmaker said it expects its quarterly loss to be $84mn-$94mn, down from the $100mn it estimated in its previous third quarter guidance released in September.
The losses narrowed because of the improved shipments and manufacturing performance in its flat-rolled segment and a gain from money it recovered because of a bankruptcy of a supplier, US Steel said.

