Bethlehem Steel in Red for 4th Quarter and Year
Bethlehem Steel reported a $78-million fourth-quarter loss, raising its 1985 annual losses to $196 million, and Chairman Donald H. Trautlein predicted more red ink for the current three-month period.
“We see little or no improvement in steel market conditions during the first quarter of 1986,” he said.
In the fourth quarter of 1984, Bethlehem posted a $65-million loss, and for the entire year it lost $113 million.
Basic steel operations posted an operating loss of $3 million in the fourth quarter and $29 million for 1985.
The firm also reported that it again omitted its quarterly dividend on common stock.
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