Higher Prices to Drive U.S. Steel's (X) Flat-Rolled Unit in Q1

United States Steel Corporation (X Quick QuoteX - Free Report) provided guidance for the first quarter of 2024, anticipating adjusted net earnings per share between 80 cents and 84 cents and adjusted EBITDA of nearly $425 million.

U.S. Steel underscored its dedication to operational efficiency and advancing its merger with Nippon Steel Corporation while commenting on the forecast. The company highlighted favorable steel demand conditions, strong operational performance and the unwavering commitment of its workforce to customer satisfaction. The North American Flat-Rolled segment benefits from its diverse market presence, sustaining a robust order backlog.