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U.S. Steel’s Quarterly Profit Rises

United States Steel Corp.’s third-quarter net income more than doubled from a year earlier on higher prices and improved operations at its mills.

The Pittsburgh-based steelmaker beat analysts’ sales and profit expectations for the quarter. It cited better operations at its mills after embarking on a multiyear overhaul of its equipment and processes in spring. The company had deferred maintenance and investment in its plants for years while steel demand languished. Frequent and unplanned production outages at mills contributed...


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