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United States Steel ( (X) ) has provided an update.
United States Steel Corporation has released its fourth quarter 2024 guidance, anticipating adjusted net earnings per diluted share between ($0.29) and ($0.25) and an expected adjusted EBITDA of approximately $150 million. The company highlights a challenging pricing environment, particularly in its North American Flat-Rolled and European segments. Nevertheless, U.S. Steel marks a significant milestone with the completion of $4 billion in growth capital investments, including the startup of the Big River 2 facility, which is expected to strengthen future earnings and cash flow. The company is facing pressure from ramp-related costs at Big River 2 and weak steel prices, but it continues to focus on resilience through a diverse product mix and rigorous cost management.
More about United States Steel
United States Steel Corporation operates within the steel industry, focusing on the production of flat-rolled and tubular steel products. The company serves a diverse range of markets, including automotive, construction, and energy sectors, and has a significant presence in North America and Europe.
YTD Price Performance: -36.02%
Average Trading Volume: 4,730,304
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $6.98B
For a thorough assessment of X stock, go to TipRanks’ Stock Analysis page.
