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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Trumptown who wrote (13283)	12/13/2001 4:56:47 PM
From: Softechie	Read Replies (1) \| Respond to of 99280

Here's SAN Suckers portfolio. siliconinvestor.com

To: Trumptown who wrote (13283)	12/13/2001 4:56:57 PM
From: Sully-	Respond to of 99280

US Steel's Dim Outlook for 4Q US Steel Predicts Production, Shipments Down in Fourth Quarter PITTSBURGH (AP) -- U.S. Steel expects domestic steel shipments and production to fall in the fourth quarter because of an oversupplied global market. Pittsburgh-based USX Corp., which owns U.S. Steel, said Thursday it expected fourth quarter steel shipments to fall from 2.6 million tons to 2.2 million tons and steel production to fall from 83 percent of capacity to roughly 66 percent, as compared to the third quarter. The company did not predict what effect reduced shipments and production would have on fourth quarter earnings. In the first nine months of the year, ending Sept. 30, U.S. Steel reported domestic steel shipments were down 11 percent from the same period last year -- 7.5 million tons compared to 8.4 million tons. Production, meanwhile, was down about the same amount -- 7.9 million tons compared to 8.9 million tons. The steelmaker posted a $23 million loss in the third quarter and $267 million in losses for the first nine months, mainly from falling domestic steel prices. The average price of steel was $429 per ton in 2001 compared with $448 per ton last year. The sluggish market will also delay the reopening of a blast furnace at the company's steel mill in Gary, Ind., which closed in October. In trading on the New York Stock Exchange, USX shares fell 76 cents to $17.20 a share.