U.S. Steel Sees Better Second Quarter After First-Quarter Sales Miss Estimates
U.S. Steel predicted a better quarter this spring after reporting mostly lackluster sales and profit during the first quarter. + The Pittsburgh-based company said it is making progress toward closing its planned $14.1 billion sale to Japan’s Nippon Steel, which U.S. Steel shareholders approved last month. + The deal is undergoing multiple regulatory reviews, and U.S. Steel said it has complied with a Justice Department request for more information as part of the department’s antitrust investigation.
