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U S Steel Reports Very Disappointing 1977 First Half
U S Steel posts six month earnings of 103.7 million dollars or 1.24 a share on 4.84 billion in revenue, down from 217.3 million or 2.67 a share a year earlier. Second quarter results show 76.3 million dollars or 0.91 a share on 2.58 billion. Chairman Speer cites weak demand, foreign competition, rising costs, and calls for import limits to ensure supply and jobs.
MENTIONED IN THIS ARTICLE
Pittsburgh
USS. Steel Corp
Edgar B. Speer