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Stock impact report

United States Steel Corporation Provides Second Quarter 2024 Guidance [Yahoo! Finance]

United States Steel Corporation (X) 
Last united states steel corporation earnings: 4/30 04:16 pm Check Earnings Report
US:NYSE Investor Relations: ussteel.com/investors
Company Research Source: Yahoo! Finance
Second quarter 2024 adjusted EBITDA is expected to be approximately $425 million. Commenting on second quarter guidance, President and Chief Executive Officer David B. Burritt said, "We continue to run our business safely as we make progress towards closing our transaction with Nippon Steel Corporation. Adjusted EBITDA guidance of $425 million is at the lower end of our prior second quarter outlook and reflects stable domestic flat-rolled steel end-use demand despite a dynamic spot steel pricing environment. In Europe, we recently restarted our temporarily idled blast furnace in response to improving customer demand. As expected, challenging market conditions are negatively impacting the Tubular segment's performance." "The Big River Steel dual Galvalume ® / Galvanized coating line came online in the second quarter, and we continue to progress towards the planned start-up of Big River 2 in the second half of 2024, with approximately $30 million of related start-up and one-time con Show less Read more
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