US Steel reduced steel shipments by 1.1% y/y in Q1

US Steel Corporation, one of the largest steel producers in the United States, reduced steel shipments by 1.1% year-on-year – to 3.76 million short tons in the first quarter of 2025. This is stated in the company’s report.

In January-March, the European segment reduced shipments by 20.1% y/y – to 856 thousand short tons.

Steel production for all segments in the first quarter amounted to 4.18 million tons (+3.3% y/y).

In January-March 2025, the company reported a net loss of $116 million compared to a net profit of $171 million in the same period of 2024. Adjusted EBITDA for the period amounted to $172 million.

Net sales in the first quarter of this year amounted to $3.73 million compared to $4.16 million in January-March 2024.

In the second quarter, the company expects adjusted EBITDA in the range of $375-425 million. US Steel forecasts growth in the North American flat products segment in April-June as seasonal restrictions in mining logistics ease and higher average steel prices reflect in the figures. However, lower shipments due to planned maintenance and downtime costs during the quarter are expected to partially offset the decline.

In Europe, where demand conditions remain moderate, the company expects results in line with January-March in the second quarter. Higher average selling prices and volumes are expected to be offset by planned seasonal maintenance.

As GMK Center reported earlier, in 2024, US Steel reduced steel shipments by 8.4% compared to 2023, to 14.2 million short tons. The European division shipped 3.6 million tons of steel last year