US Steel reduces Q4 net loss by $15 million in revised Q4 and full-year financial results

Pittsburgh, Pennsylvania-based US Steel released on Tuesday its Q4 and full-year revised financial results, which recorded pricing adjustments to iron ore pellets purchased in 2011. The net loss for Q4 of fiscal 2011 was reduced by $15 million--making the adjusted net loss decrease to $211 million for Q4 and the full-year net loss decrease to $53 million.