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U.S. Steel Cuts Annual View, Posts Third-Quarter Profit

U.S. Steel headquarters in downtown Pittsburgh in 2014. Under current market conditions, the steelmaker expects...

U.S. Steel Corp. lowered its full-year guidance as it continues to recover from unplanned outages in the third quarter and invest in additional maintenance spending.

Under current market conditions, the steelmaker expects a 2016 loss of about $355 million, or $2.26 a share. In July, the company had projected annual earnings of about 34 cents a share.

U.S. Steel said operational issues remain a headwind. In addition, the company said it has identified assets that require more investment and increased maintenance spending. U.S...


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