US Steel Stock Slips on Weaker-Than-Expected Outlook

Key TakeawaysU.S. Steel said lower prices and the costs of the ramp up of a new factory will negatively impact current-quarter results.The company's outlook for an adjusted loss and adjusted EBITDA were below forecasts.The news came just days before U.S. officials will decide on whether to approve Nippon Steel's purchase of the company, which is opposed by both President Biden and President-elect Trump. U.S. Steel (X) shares fell Friday as the steelmaker gave weaker-than-expected guidance for the current qu ...