U.S. Steel reported Q2 2024 net earnings of $183 million ($0.72 per diluted share), with adjusted net earnings of $211 million ($0.84 per diluted share). Adjusted EBITDA reached $443 million, maintaining an 11% margin despite pricing headwinds across operating segments.The North American Flat-Rolled segment showed resilience through enhanced product mix and cost management, while the Mini Mill segment achieved 17% EBITDA margin when adjusting for $30 million in strategic project start-up costs. The company maintains strong liquidity of $4.3 billion, including $2.0 billion in cash.Looking ahead, U.S. Steel expects Q3 2024 adjusted EBITDA between $275-325 million, reflecting continued pricing pressures. The company is progressing toward closing its transaction with Nippon Steel Corporation in the second half of 2024, while the Big River 2 project remains on track for Q4 startup.

U.S. Steel reported Q2 2024 net earnings of $183 million ($0.72 per diluted share), with adjusted net earnings of $211 million ($0.84 per diluted share). Adjusted EBITDA reached $443 million, maintaining an 11% margin despite pricing headwinds across operating segments.The North American Flat-Rolled segment showed resilience through enhanced product mix and cost management, while the Mini Mill segment achieved 17% EBITDA margin when adjusting for $30 million in strategic project start-up costs. The company maintains strong liquidity of $4.3 billion, including $2.0 billion in cash.Looking ahead, U.S. Steel expects Q3 2024 adjusted EBITDA between $275-325 million, reflecting continued pricing pressures. The company is progressing toward closing its transaction with Nippon Steel Corporation in the second half of 2024, while the Big River 2 project remains on track for Q4 startup.