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U.S. Steel falls after higher-than-expected Q1 loss forecast

ReutersMar 20, 2025 8:51 PM

United States Steel Corp's shares X.N fall 1.4% to $40.50 after the bell

Steelmaker expects first-quarter 2025 adj. loss to range between 49 cents and 53 cents per share, higher than analysts' estimated loss of 33 cents

Says Europe demand remains subdued and Tubular segment continues to face pressure from lagged impacts of weak pricing environment

However, expects higher average selling prices across all segments citing slight improvement in pricing environment

CEO David Burritt says, co continues to assess expected benefit from recent U.S. tariff policies along with Nippon Steel 5401.T partnership

As of Thursday's close, stock had risen 20.80% YTD

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