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United States Steel ( (X) ) just unveiled an announcement.
United States Steel Corporation announced its third quarter 2024 guidance, projecting adjusted net earnings per diluted share between $0.44 and $0.48 and adjusted EBITDA of around $300 million. Despite facing a challenging pricing environment, the company expects resilient domestic flat-rolled steel demand and is mitigating pricing issues with a diverse North American order book. The Europe segment anticipates softer demand, while the Tubular segment contends with weak prices. U.S. Steel is also progressing with strategic investments, including the Big River 2 start-up and the pending transaction with Nippon Steel, which is bolstered by significant community and employee support.
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