US Steel raises 2018 earnings forecast on tariff bump
United States Steel Corp (X.N) raised its yearly earnings forecast on Monday, as the biggest US steel maker looks to benefit from President Donald Trump’s plan to impose tariffs on imported steel and aluminum, Reuters reported.
US Steel expects net earnings of $885 million for 2018, compared with a prior forecast of about $685 million. [nGNXm5T7q]
The company said earnings would be boosted by the restart of one blast furnace and the steel-making facilities at Granite City Works.