BUZZ-U.S. Steel falls after higher-than-expected Q1 loss forecast

Reuters
21 Mar
BUZZ-U.S. Steel falls after higher-than-expected Q1 loss forecast

** United States Steel Corp's shares X.N fall 1.4% to $40.50 after the bell

** Steelmaker expects first-quarter 2025 adj. loss to range between 49 cents and 53 cents per share, higher than analysts' estimated loss of 33 cents

** Says Europe demand remains subdued and Tubular segment continues to face pressure from lagged impacts of weak pricing environment

** However, expects higher average selling prices across all segments citing slight improvement in pricing environment

** CEO David Burritt says, co continues to assess expected benefit from recent U.S. tariff policies along with Nippon Steel 5401.T partnership

** As of Thursday's close, stock had risen 20.80% YTD

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10