Why United States Steel Shares Are Rising

United States Steel Corporation X shares are trading higher by 5.06% to $20.57 after the company issued second-quarter adjusted EPS guidance above estimates.

U.S. Steel says second-quarter 2022 adjusted EBITDA is expected to be approximately $1.6 billion, a new all-time best second-quarter performance. Second-quarter 2022 adjusted net earnings per diluted share is expected to be in the range of $3.83 to $3.88.

"We expect to continue delivering record performance in the second quarter, with each business segment meaningfully contributing to profitability," commented U. S. Steel President and Chief Executive Officer David B. Burritt.

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United States Steel operates primarily in the United States but also has a steelmaking capacity in Slovakia.

According to data from Benzinga Pro, U.S. Steel has a 52-week high of $39.25 and a 52-week low of $17.98.