Lower steel prices and weaker demand from automotive customers will weigh on U.S. Steel's profits.
U.S. Steel issued steady results in the third quarter, with adjusted EBITDA margins in the double-digits for the second straight quarter at 10.5%. However, our near-term and long-term forecasts are largely unchanged. Accordingly, our $11 per share fair value estimate and no-moat rating remain in tact.Management slightly lowered its full-year adjusted EBITDA guidance to $1.075 billion from $1.1 billion, with the difference due to modestly lower profits from the Flat-Rolled segment. Guidance for ...
United States Steel is a steel producer of flat-rolled and tubular products with production operations in the United States and Europe. The company is also engaged in railroad services and real estate operations. The company's segments are: North American Flat-Rolled, which produces slabs, strip mill plates, sheets and tin mill products; U. S. Steel Europe, which produces and sells slabs, strip mill plate, sheet, tin mill products and spiral welded pipe, as well as heating radiators and refractory ceramic materials; and Tubular Products, which produces and sells electric resistance welded steel casing and tubing (known as oil country tubular goods), and standard and line pipe and mechanical tubing.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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