United States Steel Expects $300 Million EBITDA in Q3, Shares Rise

United States Steel Corporation (X) shares are trading higher after the company announced third-quarter 2024 adjusted net earnings per share guidance and adjusted EBITDA expectations. The company anticipates resilient domestic flat-rolled steel demand, despite challenging pricing dynamics. While Europe is experiencing softening demand, the company is confident in achieving regulatory approvals for its pending transaction with Nippon Steel.

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