For the quarter ending 30 September 2016, the integrated steelmaker posted a net income of US$147 million on sales of US$3.2 billion. In the same quarter last year, the company recorded a profit of US$51 million on sales of US$2.7 billion. 

U.S. Steel said average prices rose in all three of its operating segments – its U.S. flat-rolled plants, its mill in Slovakia, and its tubular division. At the same time, overall steel shipments increased 1.4% to about 3.8 million tons.

"Our third quarter results were modestly better than we expected, with stable operating performance at each of our segments and our Tubular segment producing positive EBITDA in the quarter," said U. S. Steel chief executive David Burritt.
 
Burritt added that the company is beginning to see improvements through its ongoing asset revitalization program. 

"This increases our confidence that we will achieve the 2020 improvement targets we have disclosed. We believe the attention to our assets and employees, with continued focus on improving safety, quality, delivery, and cost, will result in improved operating reliability and enable us to remain a strong business partner for our customers."