United States Steel Corporation has reported its financial results [1] for the first quarter of 2025, revealing a net loss and a decline in revenue compared to the previous year. The company, a significant player in the steel industry, has encountered various operational challenges and market conditions affecting its financial performance.
For the first quarter of 2025, U.S. Steel recorded a net loss of $116 million, or $0.52 per diluted share. On an adjusted basis, the net loss stood at $87 million, or $0.39 per diluted share. This marks a sharp decline from the first quarter of 2024, when the company posted net earnings of $171 million, or $0.68 per diluted share, and adjusted net earnings of $206 million, or $0.82 per diluted share. Adjusted EBITDA for the latest quarter reached $172 million, falling from $414 million in the same period last year. Net sales also declined, amounting to $3.727 billion compared to $4.160 billion in the first quarter of 2024.
Despite financial difficulties, U.S. Steel’s North American Flat-Rolled segment maintained a 5% EBITDA margin, supported by strong commercial strategies, product mix optimization, and disciplined cost management. The Mini Mill segment achieved its highest-ever quarterly shipment volume, with Big River 2 (BR2) progressing toward full capacity. The European segment benefited from increased shipments and effective cost control, while the Tubular segment experienced sequential improvements due to stronger average selling prices.
The company remains committed to strategic initiatives aimed at enhancing operational efficiency and market positioning. It emphasized the importance of scaling up BR2, which is expected to drive future performance. Additionally, U.S. Steel continues to prioritize sustainability, reaffirming its commitment to achieving net-zero greenhouse gas emissions by 2050 through investments in environmentally responsible steel solutions.
U.S. Steel President and CEO David B. Burritt reflected on the company’s performance, highlighting the resilience of operations despite seasonal and market challenges. He underscored the Mini Mill segment’s strong results and noted positive customer feedback regarding the quality of BR2’s products. Burritt also acknowledged the company’s record-setting safety achievements and expressed optimism about improved financial performance in the second quarter as seasonal constraints ease.
Looking ahead, U.S. Steel anticipates second-quarter adjusted EBITDA to range between $375 million and $425 million. The company expects stronger results in the North American Flat-Rolled segment as seasonal conditions improve and steel prices rise. The Mini Mill segment is also projected to benefit from higher selling prices and increased production volumes from BR2. However, planned maintenance activities and associated costs may partially offset these anticipated gains. Overall, U.S. Steel aims to generate positive enterprise free cash flow in the second quarter.
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[1] U.S. Steel Corporation Reports First Quarter 2025 Results https://www.tradingview.com/news/tradingview:cd4840be189d9:0-u-s-steel-corporation-reports-first-quarter-2025-results/