U.S. Steel issues earning guidance for Q2 2023

United States Steel Corporation (U.S. Steel) provided second quarter 2023 adjusted net earnings per diluted share guidance of USD 1.81 to USD 1.86. Second quarter 2023 adjusted EBITDA is expected to be approximately USD 775 mln.
Commenting on second quarter guidance, President and Chief Executive Officer David B. Burritt said, “We expect to deliver another strong quarter of safety, operational and financial performance driven by our continued focus on strategic markets and building a more resilient business model. Adjusted EBITDA guidance of USD 775 mln reflects the benefits of our diverse order book, the realization of higher selling prices and management actions that continue to improve operational metrics and cost performance throughout our segments.”
Burritt concluded, “Our next critical strategic milestone is the start-up of the non-grain oriented (NGO) electrical steel line at Big River Steel in the third quarter of this year. Once on-line, the NGO electrical steel line is expected to strengthen domestic supply chains and bring advanced manufacturing back to our shores as we serve our automotive customers with state-of-the-art electrical steel that is sustainable and exclusive to U. S. Steel.”
Founded in 1901, United States Steel Corporation is a leading steel producer with a total annual capacity of 22.4 mln tons.