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United States Steel Corp.'s fourth-quarter earnings soared as strong pipe sales and an acquisition-related gain boosted results, but the steel maker forecast an operating loss in the current quarter due to the global economic slowdown.
United States Steel Corp.'s quarterly profit more than tripled as higher prices led to record gains in its tubular and flat-rolled steel businesses, but the company warned Tuesday that softening demand in North America and Europe will hurt results for the rest of the year.
United States Steel Corp. reported a 14 percent drop in first-quarter earnings Tuesday as record sales failed to offset declines in its European and tubular businesses.
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