US Steel Industry in Slow Recovery from Recession from the Associated Press
"Steel makers are still battling back from a slump that began when the economy faltered in 2008 and customers cut back on steel purchases. Each step forward seems to be countered by a step back. For instance, last year the industry was reporting profits until demand for steel dropped in the second half as Europe's debt crisis escalated and economic growth slowed in the U.S. and Asia. U.S. Steel lost more than $200 million in the fourth quarter."
"Steel makers are still battling back from a slump that began when the economy faltered in 2008 and customers cut back on steel purchases. Each step forward seems to be countered by a step back. For instance, last year the industry was reporting profits until demand for steel dropped in the second half as Europe's debt crisis escalated and economic growth slowed in the U.S. and Asia. U.S. Steel lost more than $200 million in the fourth quarter."
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