WCI Steel posts $5.79 million September operating loss

By Caroline Salls

Pittsburgh, Oct. 21 - WCI Steel Inc. reported a $5.79 million operating loss for September on sales of $60.84 million, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Northern District of Ohio.

September's numbers reflect a decrease from August's $8.24 million operating loss on sales of $57.02 million.

The net loss for September was $6.2 million, down from a $9.01 million August net loss.

Total cash on Sept. 30 was $9.76 million, compared to $1.97 million at the end of August.

The Warren, Ohio-based steel company filed for bankruptcy Sept. 16, 2003. Its Chapter 11 case number is 03-44662.

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