Major U.S. steelmakers said a stubbornly slow economic recovery is behind their larger-than-expected quarterly losses as soaring raw material and labor costs, coupled with lukewarm demand, offset the positive impact of recently rising prices.
WSJ.com: What's News US, Wall Street Journal: Home US
Tue, 01/25/2011 - 10:59am
Major U.S. steelmakers said a stubbornly slow economic recovery is behind their larger-than-expected quarterly losses as soaring raw material and labor costs, coupled with lukewarm demand, offset the positive impact of recently rising prices.