U.S. Steel Lowers EBITDA Guidance for Q4 Amid Weak Pricing

Core Insights - The company executed over $4 billion in growth capital investments in Q4, marking a significant milestone in its strategic future [1] - The company anticipates an adjusted loss of between 29 cents and 25 cents per share for Q4 2024, with adjusted EBITDA projected at around $150 million, significantly lower than previous estimates [3][4] Financial Performance - The Flat-Rolled segment's adjusted EBITDA is expected to decline due to reduced selling prices and volumes, alongside maintenance activities [2] - The Mini Mill segment's adjusted EBITDA is also projected to be lower due to decreased volumes [2] - The European segment's adjusted EBITDA is forecasted to decrease due to low demand, resulting in lower volumes and average selling prices [5] Market Conditions - Steel prices remain under pressure, impacting the overall financial performance, particularly in the Big River 2 ramp-up costs [4] - Despite challenges, the North American Flat-Rolled segment continues to generate solid EBITDA due to a strong commercial strategy and diverse product mix [4] Stock Performance - The company's shares have decreased by 34.1% over the past year, compared to a 31% decline in the industry [6] - The company currently holds a Zacks Rank of 3 (Hold) [10]