United States Steel Corporation (U.S. Steel) reported a net loss of USD 116 mln in the first quarter of 2025, compared to net earnings of USD 171 mln in the same period last year, according to its latest financial results.
Revenue fell 10.4pct YoY to USD 3.72 bln, primarily due to lower steel prices and a 1.16pct decline in shipments, which totaled 3.76 mln tons in Q1.
Despite the challenging environment, President and CEO David B. Burritt emphasized the company’s resilient performance, highlighting an adjusted EBITDA of USD 172 mln. He attributed the seasonally low results to annual mining logistics constraints in the North American Flat-Rolled segment and lagging spot prices but expressed optimism for the months ahead.
Looking forward, U.S. Steel expects Q2 adjusted EBITDA between USD 375 mln and USD 425 mln. Improved performance is anticipated in the North American Flat-Rolled segment as mining logistics normalize and higher steel prices begin to reflect in earnings. However, planned maintenance and related outages may partially offset these gains.
In Europe, results are projected to remain stable, with increased average selling prices and volumes offset by seasonal maintenance activities.
For the Tubular segment, performance is expected to be broadly consistent, as higher selling prices are balanced by slightly increased costs.
U.S. Steel continues to prioritize strategic initiatives aimed at boosting operational efficiency and market position. Key developments include the ramp-up of the Big River 2 (BR2) facility, which is expected to support future growth. The company also reaffirmed its commitment to achieving net-zero greenhouse gas emissions by 2050, with continued investment in sustainable steel solutions.
Established in 1901, U.S. Steel is a major steel producer with an annual raw steelmaking capability of 22.4 mln tons, headquartered in Pittsburgh, Pennsylvania, with operations spanning the United States and Central Europe.