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U.S. Steel Corporation, one of the nation’s leading steel producers, reported a 1.1% year-over-year decrease in steel shipments for the first quarter of 2025, totaling 3.76 million short tons, according to the company’s latest financial report.
During the January–March period, shipments from the company’s European segment saw a sharper decline, falling 20.1% year-over-year to 856,000 short tons.
Despite the decrease in shipments, total steel production across all segments rose by 3.3% compared to Q1 2024, reaching 4.18 million short tons.
The company posted a net loss of $116 million in Q1 2025, a significant shift from the $171 million net profit recorded in the same period last year. Adjusted EBITDA for the quarter was reported at $172 million.
Net sales dropped to $3.73 billion, down from $4.16 billion in the first quarter of 2024.
Looking ahead to Q2 2025, U.S. Steel expects adjusted EBITDA to range between $375 million and $425 million. The company anticipates improved performance in its North American flat-rolled segment, driven by easing logistical constraints in mining and higher average steel prices. However, planned maintenance and downtime are expected to dampen shipment volumes, partially offsetting gains.
In Europe, where demand remains subdued, U.S. Steel forecasts results in the second quarter to be comparable to those in Q1. While higher selling prices and volumes are expected, seasonal maintenance will likely balance out the benefits.
For the full year 2024, U.S. Steel shipped 14.2 million short tons of steel, marking an 8.4% decrease from 2023. The European division contributed 3.6 million short tons to that total.
