US Steel Revises First Quarter 2021 Guidance
US SteelPittsburg Post Gazette

US Steel Revises First Quarter 2021 Guidance

United States Steel Corporation has revised the first quarter 2021 guidance provided on 12 March 2021. US Steel said “Expected first quarter 2021

United States Steel Corporation has revised the first quarter 2021 guidance provided on 12 March 2021. US Steel said “Expected first quarter 2021 adjusted EBITDA is unchanged at approximately USD 540 million and excludes impacts related to acquiring the remaining stake in Big River Steel. First quarter 2021 adjusted net earnings has been recalculated and is expected to be approximately USD 265 million and excludes impacts related to acquiring the remaining stake in Big River Steel as well as impacts from non-recurring refinancing costs related to balance sheet enhancements executed in the quarter.”

US Steel had said on 12 March “Healthy flat-rolled customer demand across most end-markets and the flow-through of higher steel prices are resulting in substantially higher results from our Flat-rolled and US Steel Europe segments and our newly formed ‘Mini Mill’ segment, which will showcase the performance of Big River Steel. Solid market fundamentals, low steel supply chain inventories, continued consumer-driven demand, and pent-up infrastructure demand has us increasingly bullish. The continued execution of our customer-centric Best of BothSM strategy positions us with more diversified operations, an enhanced balance sheet, and the ability to capitalize on a ‘stronger for longer’ market environment.”

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