Bethlehem Steel in Red for 4th Quarter and Year
- Share via
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.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
