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home / articles / X - United States Steel Posts Q3 Earnings Beat On Improved Steel Shipments Despite Weak Prices | Benzinga


X - United States Steel Posts Q3 Earnings Beat On Improved Steel Shipments Despite Weak Prices | Benzinga

United States Steel Corp (NYSE: X) reported Q3 FY23 revenues of $4.43 billion, beating the consensus of $4.39 billion.

Average realized price for Flat-Rolled product declined to $1,036/ton (from $1,232/ton a year ago), Mini Mill to $901/ton ($1,096/ton prior year) and U. S. Steel Europe to $852/ton (from $1,021/ton year ago).

Total steel shipments rose to $3,782 thousands net tons from $3,698 thousands net tons a year ago.

Adjusted EBITDA of $578 million (better than the guidance of $550 million) declined ...

Full story available on Benzinga.com

Stock Information

Company Name: United States Steel Corporation
Stock Symbol: X
Market: NYSE
Website: ussteel.com

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