USS Sees Stormy Q4, Bright Spot in Gary Works Pig Iron Caster

US Steel said sourcing pig iron from its Gary Works in Indiana in the first half of 2023, and working through the remainder of the high-priced raw materials, are expected to improve its mini mill segment’s financial results.

However, in guidance released Thursday, Dec. 15, the Pittsburgh-based steelmaker said the mini mill segment’s adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) is expected to be negative in the fourth quarter.

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U.S. Steel

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