Steel Mills
December 20, 2020
U.S. Steel Expects Significant Improvement in 2021
Written by Sandy Williams
U.S. Steel is optimistic about its financial outlook for 2021. The addition of a strong performer to their portfolio with the acquisition of Big River Steel and improved demand and higher prices in the fourth quarter bode well for the new year.
Positive EBITDA is expected in the flat rolled segment for the fourth quarter, based on strong order books and higher steel prices that are reflected in U.S. Steel’s adjustable contracts. A strong demand environment supported the decision to restart the #4 blast furnace at Gary Works and iron ore production at Keetac.
