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To: craig crawford who wrote (591)	7/23/2001 5:59:26 PM
From: craig crawford	Read Replies (1) \| Respond to of 1643

Monday July 23 10:07 AM ET USX-U.S. Steel Posts Loss, Turns Corner dailynews.yahoo.com NEW YORK (Reuters) - No. 1 U.S. steelmaker USX-U.S. Steel Group (NYSE:X - news) on Monday said it posted a second-quarter loss versus a profit a year ago, hurt by the weak U.S. economy and its dampening effect on steel prices and demand. ........................................................................................................................ ``We believe conditions for our Domestic Steel operations have found the bottom of this steel cycle and that we have turned the corner,'' said Chairman Thomas Usher. The company expects ``somewhat higher'' volumes in the third quarter and flat to modestly-higher realized prices, he said. ............................................................................................................................. The company's domestic steel shipments dropped 10 percent in the second quarter to $2.6 million net tons from $2.9 million net tons a year ago. However, U.S. Steel's order book has strengthened and its prices have steadied since the second quarter, Usher said. ``While domestic commercial conditions remain difficult, demand and pricing appear to have bottomed out in the 2001 second quarter,'' he said.