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US Steel revises Q4 earnings
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Reportedly, US Steel restated its earnings for the Q4 and full-year 2011 on this Tuesday. The company cut its loss after recording paying different prices for iron ore pellets, bought during 2011.
After the adjustment, the company cut its Q4 net loss to US$211 million from the initially reported loss of US$226 million.
Also, US Steel cut its full-year 2011 loss to US$53 million from the previously reported loss of US$68 million.
News Date
3/27/2012 10:39:46 AM
reported by
Margaret Yeh
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