Summary by Moomoo AI
United States Steel Corporation (U. S. Steel) reported a decrease in net sales and earnings across its segments for the first half of 2024 compared to the same period in 2023. The company's net sales for the three and six months ended June 30, 2024, were $4,118 million and $8,278 million, respectively, marking an 18% and 13% decrease year-on-year. The decline was attributed to lower sales volume and average realized prices across most products. The Flat-Rolled, Mini Mill, U. S. Steel Europe (USSE), and Tubular segments all experienced downturns in both the three-month and six-month periods. Capital expenditures for the first half of 2024 totaled $1,271 million, a slight decrease from $1,353 million in the prior year. U. S. Steel's liquidity remains strong, with...Show More
