Wheeling-Pittsburgh Has Quarterly Loss

Wheeling-Pittsburgh Steel, crippled by a bitter strike during nearly all of the third quarter, on Friday reported a quarterly loss of $133.1 million.

For the first nine months of the year, the company reported a loss of $208.9 million on revenue of $584.7 million.

The nation’s seventh-largest steelmaker, which filed for Chapter 11 bankruptcy reorganization April 16, was struck by the United Steelworkers from July 21 through Oct. 26. The company said third-quarter results were “severely affected by the impact” of the 98-day strike by about 8,200 workers at nine plants in Pennsylvania, Ohio and West Virginia.

In the third quarter of 1984, Wheeling-Pittsburgh lost $9.9 million. The company said its third-quarter 1985 revenue was $98.1 million on shipments of 200,655 tons of steel, compared to third-quarter 1984 sales of $260 million on shipments of 561,409 tons.