United States Steel Corporation reported a net loss of $ 116 million , or $ 0.52 per share , in the first quarter of 2025 , compared to a net profit of $ 171 million , or $ 0.68 per share , in the same period in 2024 .
Financial details for the first quarter of 2025:
- Sales revenue : $ 3.73 billion (down from $ 4.16 billion in Q1 2024)
- Steel shipment volume : 3.76 million tons (down from 3.80 million tons in the same quarter last year )
- Crude steel production : 4.187 million tons (up from 4.053 million tons in Q1 2024)
Crude steel production capacity in the first quarter of 2025:
- Flat -Rolled Products : 65%
- Mini Mill : 62%
- Tubular products : 73%
CEO’s remarks :
David B. Boredom , President and CEO of US Steel, said:
” Despite seasonal constraints in the Flat-Rolled segment and low spot prices , we achieved adjusted operating profit of $ 172 million . The Mini Mill segment performed positively with increased shipments from the Big River 2 ( BR2) project , and EBITDA margin in this segment reached 10 percent . We expect the first quarter to be our lowest liquidity of the year , primarily due to working capital and costs related to the BR2 project . ”
Forecast for the second quarter of 2025:
- Adjusted operating profit is forecast to be between $ 375 million and $ 425 million .
- The Flat- Rolled segment is expected to improve , but costs related to planned repairs may impact results .
- The Mini Mill segment is expected to perform better with higher sales prices and increased volumes from the BR2 project , although $ 50 million in startup- related costs will continue to be impacted .
