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U.S. Steel (X) shares fell Friday as the steelmaker gave weaker-than-expected guidance for the current quarter because of falling prices and the costs related to a factory being developed in Arkansas.

The $150 million adjusted EBITDA guidance for Q4 is lower than X's previous outlook.

PITTSBURGH--(BUSINESS WIRE)--United States Steel Corporation (NYSE: X) today provided fourth quarter 2024 adjusted net earnings per diluted share guidance of ($0.29) to ($0.25). Fourth quarter 2024 adjusted EBITDA is expected to be approximately $150 million. “The fourth quarter marked a critical milestone towards our Best for All® future, as the team completed execution on over $4 billion of growth capital investments with first coil achieved at Big River 2 (BR2) on October 31, 2024 and shipme.

The U.S. Treasury has informed Nippon Steel that the panel reviewing its proposed purchase of U.S. Steel has not yet come to an agreement on how to address security concerns, the Financial Times reported on Sunday, citing several sources familiar with the talks.

PITTSBURGH--(BUSINESS WIRE)--Employees of United States Steel Corporation (NYSE: X) (“U. S. Steel”) today will host a rally at the U. S. Steel Mon Valley Works Clairton Plant in support of the Nippon Steel transaction. Represented and non-represented employees, along with community members and local elected officials, will gather to reinforce their support for the transaction. They will again call on officials across the nation to recognize the significant benefits this transaction holds for em.

Bloomberg revealed President Joe Biden plans to formally block the $14.1 billion sale of United States Steel to Nippon Steel on national security grounds once the deal is referred back to him later this month. Bloomberg's Josh Wingrove reports on this scoop on 'Bloomberg: The Asia Trade'.

The Committee on Foreign Investment in the United States panel reviewing the deal must refer its decision on the merger to Biden by Dec. 22 or 23, Bloomberg reported.

President Joe Biden plans to formally prevent Nippon Steel Corp.'s $14.1 billion acquisition of United States Steel Corporation (NYSE:X), citing national security concerns, according to a report by Bloomberg. The proposed deal, announced last December, faced strong opposition from stakeholders, including the United Steelworkers union and President Biden, who had pledged to ensure U.S.

The head of a powerful labour union opposing U.S. Steel's sale to Japan's Nippon Steel said he has not received assurances that the would-be owners are committed to ensuring the lasting success of the strategic U.S. firm.

PITTSBURGH--(BUSINESS WIRE)--United States Steel Corporation (NYSE: X) (“U. S. Steel”) today reacted to the U.S. Department of Commerce's preliminary findings regarding oil country tubular goods (OCTG) from Argentina and Mexico. In its release, Commerce preliminarily found that Argentine OCTG produced/exported by Tenaris' Siderca S.A.I.C and Mexican OCTG produced/exported by Tenaris' Tubos de Acero de Mexico, S.A., continued to be dumped in the U.S. market at rates of 6.80% and 30.38%, respecti.