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United States Steel Reports Mixed 2024 Financial Results
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United States Steel Reports Mixed 2024 Financial Results

United States Steel Corp ( (X) ) has released its Q4 earnings. Here is a breakdown of the information United States Steel Corp presented to its investors.

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United States Steel Corporation, founded in 1901, is a leading steel producer focused on innovation and sustainability, serving industries such as automotive, construction, and energy. The company’s recent earnings report highlights a challenging year with a net loss of $89 million in the fourth quarter, but a positive full-year net earnings of $384 million. Key financial metrics include a fourth-quarter adjusted EBITDA of $190 million and full-year adjusted EBITDA of $1,366 million, reflecting strong performance despite a weaker market environment. Strategic initiatives such as the Big River 2 mill have begun impacting results positively, with improved volumes in the Mini Mill segment. Looking ahead, U.S. Steel expects a steady ramp-up in shipments from its new facilities and aims for positive free cash flow in 2025, driven by strategic growth in the Mini Mill segment and resilience in its North American Flat-Rolled operations.

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