U.S. Steel losses widen, better times seen as BR2 ramp-up continues

United States Steel Corporation

Fourth quarter ended Dec. 31	2024	2023	Change
Net sales	$3,509	$4,144	-15.3%
Net earnings (loss)	($89)	($80)	-11.3%
Per diluted share	($0.39)	($0.36)	-8.3%
Year ended Dec. 31
Net sales	$15,640	$18,053	-13.4%
Net earnings (loss)	$384	$895	-57.1%
Per diluted share	$1.57	$3.56	-55.9%

(in millions of dollars except per share)

Michael Cowden

Michael Cowden is editor-in-chief for Steel Market Update. Cowden has covered the steel industry since 2007. He specializes in flat-rolled steel but has also reported on steel long products, steel pipe and tube, and aluminum. Before joining SMU, Cowden held reporting jobs at Fastmarkets AMM in Chicago, the Associated Press in Pittsburgh, and the Cambodia Daily in Phnom Penh. He has also worked as a copy editor and in marketing at the University of Chicago Press. Cowden has a BA in English from the University of Chicago and an MSJ journalism from Northwestern University’s Medill School of Journalism. Contact him at michael@steelmarketupdate.com or 724-759-7872.