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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 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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