US Steel has its best days ahead, the company's top executive said during an earnings call on Friday July 30.
"We can now truly say, US Steel... has its best days ahead. We can't get to the future fast enough," company president and chief executive officer David Burritt said on Friday's call.Burritt also said that the strength in steel prices and demand would continue, and predicted all-time records for US Steel in the third quarter."Demand from our customers continues and lead times remain extended," Burritt said. "The industry, including here at US Steel, has several planned outages in the second half of 2021. And low steel industry inventory levels suggest an extended restocking period still needs to take place, supporting steel consumption into the future."Improved shipments and record-high hot-band prices pushed US Steel's second-quarter net income to $1.012 billion, in contrast to a net...