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X US Steel Corp

36.61
-0.44 (-1.19%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
US Steel Corp NYSE:X NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.44 -1.19% 36.61 37.06 36.25 36.60 2,191,518 00:59:39

U.S. Steel Cuts Guidance

28/04/2015 10:30pm

Dow Jones News


US Steel (NYSE:X)
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U.S. Steel Corp. lowered its 2015 guidance following a disappointing quarter for its flat-rolled segment, which was hurt by "massive" amounts of imports.

The company said "the headwinds we faced entering 2015 have intensified, " and the company is "currently operating in the face of extremely difficult conditions, particularly in North America."

U.S. Steel expects adjusted earnings before interest, taxes, depreciation and amortization of $700 million to $900 million for the year, down from its January guidance of $1.1 billion to $1.4 billion.

In late trading, shares fell 6.5% to $25.04.

Write to Josh Beckerman at josh.beckerman@wsj.com

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