USS expects lower Q2 profits, gives update on Big River

U.S. Steel has guided to lower second-quarter earnings sequentially and on-year in a “dynamic” spot price market.

The Pittsburgh-based steelmaker provided adjusted net-earnings-per-diluted-share guidance of $0.76 to $0.80 for Q2’24. This is off from $0.82 in the previous quarter and down from $1.92 in the same quarter last year.

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.