U.S. Steel reports net loss for third quarter 2020

Pittsburgh-based United States Steel Corp. (NYSE: X) reported a net loss of $234 million in the third quarter of 2020, compared to a net loss of $84 million in the third quarter of 2019, according to a news release.  The company reported net sales of $2.3 billion in the third quarter of 2020, down from $3.1 billion year over year.  “Our third quarter results exceeded our guidance and demonstrated the power of the actions we have taken since the onset of Covid-19 with dramatically improved results…