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    Market Segment

    February 1, 2024

    USS swings to loss in Q4'23, sees Nippon deal closing in Q2/Q3'24

    Written by Ethan Bernard

    U.S. Steel Corp.

    Fourth quarter ended Dec.3120232022% Change
    Net sales$4,144$4,338-4%
    Net income (loss)($80)$174-146%
    Per diluted share($0.36)$0.68-153%
    Full year ended Dec.31
    Net sales$18,053$21,065-14%
    Net income (loss)$895$2,524-65%
    Per diluted share$3.56$9.16-61%
    (in millions of dollars except per share)

    Ethan Bernard

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

    Read more from Ethan Bernard

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