Inland Steel, the nation’s fifth-largest steel company,...
Inland Steel, the nation’s fifth-largest steel company, reported its first quarterly profit since the second quarter of 1984 but added that it sees a loss for the third quarter and the year. The company said it made $15.7 million in the quarter, compared to a loss of $29.5 million in 1985’s second quarter. Revenue for the period was $815.8 million, up from last year’s $790.2 million. Inland attributed the second-quarter profit to lower steel manufacturing costs.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
