US Steel released Q1 2009 earnings results yesterday. The company’s press release can be found here. US Steel reported an operating loss of ($478) million. EBITDA per ton was ($99), the lowest number reported so far among the companies tracked on the Nerds of Steel earnings spreadsheet. To raise/conserve cash US Steel also cut its dividend and announced its intention to issue common equity and convertible notes.
US Steel Q1 2009 results' st_url='http://www.nerdsofsteel.com/2009/04/28/us-steel-q1-2009-results/' displayText='ShareThis'>
