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

Reuters
Mar 21, 2025
BUZZ-U.S. Steel falls after higher-than-expected Q1 loss forecast

** 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

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))

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