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    Market Segment

    December 19, 2024

    USS anticipates Q4 loss on weak demand, BR2 start-up

    Written by Laura Miller

    Amid a challenging pricing and demand environment, and with the ongoing ramp-up of the Big River 2 (BR2) mill, U.S. Steel expects to post a loss in the fourth quarter.

    The Pittsburgh-based steelmaker said in earnings guidance released on Thursday that it expects adjusted net earnings of -$0.29 to -$0.25 per diluted share for Q4. That equates to a net loss attributable to U.S. Steel Corp. of ~$115 million.

    Laura Miller

    Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.

    Read more from Laura Miller

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