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    Market Segment

    October 31, 2024

    USS touts first coil at BR2 as Q3 earnings fall

    Written by Ethan Bernard

    U.S. Steel Corp.

    Third quarter ended Sept. 3020242023% Change
    Net sales$3,853$4,431-13.0%
    Net earnings (loss)$119$299-60.2%
    Per diluted share$0.48$1.20-60%
    Nine months ended Sept. 30
    Net sales$12,131$13,909-12.8%
    Net earnings (loss)$473$975-51.5%
    Per diluted share$1.88$3.86-51.3%
    (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.

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