U.S. Steel loss narrows on lower costs
Jan 29 (Reuters) - U.S. Steel Corp, the largest steel producer in the United States by volume, reported a narrower loss for the fourth quarter as lower costs helped offset a steep decline in prices.
Net loss narrowed to $50 million, or 35 cents per share, in the quarter ended Dec. 31, from $211 million, or $1.46 per share, a year earlier.
Revenue fell 7 percent to $4.49 billion.
Analysts on average had expected a loss of 75 cents per share on revenue of $4.35 billion, according to Thomson Reuters I/B/E/S.
Jan 29- U.S. Steel Corp, the largest steel producer in the United States by volume, reported a narrower loss for the fourth quarter as lower costs helped offset a steep decline in prices. Net loss narrowed to $50 million, or 35 cents per share, in the quarter ended Dec. 31, from $211 million, or $1.46 per share, a year earlier.