US Steel's Q1 revenue dropped to $4.16B, profit fell 10% to $171M, and a merger with Nippon Steel is expected in H2 2024.
US Steel's first-quarter revenue dropped to $4.16B from $4.47B last year, with profit falling 10% to $171M ($0.68 per share) from $199M ($0.78 per share). Despite a decline in prices and shipments, the company's CEO highlighted a diverse order book and efficient operations. U.S. Steel is also working towards a merger with Nippon Steel, expected to close in the second half of 2024.
May 02, 2024
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