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United States Steel Corporation Provides Fourth Quarter 2020 Guidance
December 17, 2020 GMT
PITTSBURGH (BUSINESS WIRE) Dec 17, 2020
United States Steel Corporation (NYSE: X) today provided fourth quarter 2020 guidance. Fourth quarter 2020 adjusted EBITDA is expected to be approximately $55 million. The Company expects fourth quarter 2020 adjusted diluted loss per share to be approximately ($0.85).
“Flat-rolled customer demand in the U.S. and Europe has improved throughout the fourth quarter, fueled by consumer-driven end-markets such as automotive, appliance, and packaging,” commented U. S. Steel President and Chief Executive Officer David B. Burritt. “December’s performance has been particularly strong driven by the flow-through of higher steel prices, more nimble operations, and a continued focus on cost management. As a result, we have line of sight to significantly improved
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United States Steel Corporation (X Stock) Price Forecast: Continues hot streak in anticipation of Biden administrationNEWS |
12/17/2020 11:18:47 AM GMT | By Stocks Reporter
NYSE:X continues to climb as the stock gained 2.51% amidst global markets finishing strong.
The steel industry has rebounded since the new Biden administration has been announced.
President-elect Biden is hoping to rejuvenate the steel industry to compete with China on a global scale.
NYSE:X has had a relatively uneventful year in 2020, that is, until the last month when the stock has more than doubled in price. On Wednesday, United States Steel Corporation gained a further 2.51% to close the trading day at $18.37, after spending the first eleven months of the year hovering around the $9 price range.
Carbon Steel Pan Market Forecast Hit by Coronavirus Outbreak, Downside Risks Continue to Escalate marketwatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketwatch.com Daily Mail and Mail on Sunday newspapers.
December 15, 2020 By David Murray
United States Steel Corporation announced December 8 that it has exercised its call option to acquire the remaining equity of Big River Steel for approximately $774 million from cash on hand. Big River Steel’s barge-served facility is located in Osceola, Ark. It just completed Phase 2 of expansion plans, ahead of schedule and under budget, that will double its capacity to 3.3 million tons a year.
In October 2019, Big River Steel had announced it had agreed to receive $700 million in cash from U.S. Steel in return for a 49.9 percent ownership interest, with an option to acquire the remaining 50.1 percent. It’s that option that U.S. Steel is exercising now.
Wise.Guy.
WiseGuyRerports.com Presents “Global Packaging Steel Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024” New Document to its
PUNE, MAHARASTRA, INDIA, December 14, 2020 /EINPresswire.com/ Global Packaging Steel Market Summary
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