For full-year 2009, U.S. Steel reported a net loss of 1,401 million dollars, compared with full-year 2008 net income of 2,112 million dollars. U. S. Steel Chairman and CEO John P. Surma said, "We reported a modest improvement in fourth quarter results as compared to the third quarter mainly due to higher average realized prices, increased shipments and higher utilization rates for our flat-rolled operations, primarily driven by North American automotive and service center markets, and the return to profitability of our tubular operations." Management believes segment income from operations is a key measure to evaluate ongoing operating results and performance. U. S. Steel's reportable segments and Other Businesses reported a segment loss from operations of 245 million dollars, or 53 dollars per ton, in the fourth quarter of 2009, compared with a loss of 379 million dollars, or 91 dollars per ton, in the third quarter of 2009 and income of 418 million dollars, or 100 dollars per ton, in the fourth quarter of 2008. Fourth quarter results for the Flat-rolled segment improved from the third quarter, primarily due to the benefits of higher average realized prices, increased shipments, and reduced facility restart costs.These favorable effects were somewhat offset by increased facility repair and maintenance costs at a number of steelmaking locations.
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