United States Steel Corporation Q4 2024 Guidance
United States Steel Corporation recently announced its fourth quarter 2024 guidance, providing insights into what investors can expect in the coming months. The company anticipates adjusted net earnings per diluted share to fall between ($0.25) and ($0.29), with adjusted EBITDA estimated to be around $150 million.
According to U. S. Steel’s President and CEO, David B. Burritt, the fourth quarter of 2024 marks a significant step towards the company’s Best for All® future. With over $4 billion invested in growth capital projects, including the successful start of operations at Big River 2 (BR2), the team has demonstrated progress towards strengthening earnings and generating free cash flow. Despite challenges such as lower steel prices and ramp-related costs at BR2 impacting the fourth quarter’s outlook, U. S. Steel’s North American Flat-Rolled segment continues to perform well, benefiting from a resilient commercial strategy and diverse product mix.
The Flat-Rolled segment’s adjusted EBITDA is expected to be lower in the fourth quarter compared to the previous quarter due to reduced selling prices and volumes, alongside increased maintenance activity. Similarly, the Mini Mill segment anticipates lower adjusted EBITDA, with start-up and construction costs affecting performance. On the other hand, the Tubular segment expects improved adjusted EBITDA, driven by higher volume and lower costs.
Overall, U. S. Steel remains focused on operational efficiency and cost management to navigate through challenging market conditions. The company is optimistic about the future, aiming to achieve full capacity at BR2 in 2025 and address demand fluctuations in the European segment. Despite short-term headwinds, U. S. Steel is committed to its strategic growth plans and creating long-term value for investors.
