39 thoughts on “🏴‍☠️ UNITED STATES STEEL USD (X-USD)”

  1. #X is “In Play”

    U.S. Steel guides Q3 EPS below consensus, note: Nucor also guided lower on Monday; co expects idled blast furnaces in US and Europe to remain idled thru at least the end of the year:

    • Co expects Q3 adjusted EBITDA of approximately $115 mln, which excludes $53 mln from the December 24, 2018 fire at its Clairton coke making facility and estimated restructuring charges.

    • Co expects Q3 adjusted EPS of approx $(0.35) vs CapitalIQ consensus of $0.01.

    • Co says that the the positive flat-rolled steel market indicators experienced earlier this summer have softened after a brief recovery in steel selling prices. The impact of falling steel prices through Q2 combined with the impact of a larger than expected drop in scrap prices on market sentiment, is expected to negatively impact Flat-rolled earnings in 2H19.

    • As a result, co expects that two blast furnaces will remain idled through at least the end of the year. Based on the continued idling of two US blast furnaces and current demand forecasts, co now expects full year Flat-rolled shipments to be approximately 10.7 million tons.

    • In Europe, market conditions have continued to deteriorate, as the dislocation between steel selling prices and raw material costs continues to result in significant margin compression. Co does not expect to restart the currently idled blast furnace this year.

    • Co expects its Tubular segment to remain under pressure for the remainder of the year as market conditions have turned negative and import levels remain high.

  2. X is “In Play”

    U.S. Steel CFO to resign, Christine Breves will replace him; co also announces it”s implementing an enhanced operating model and organizational structure:

    • Co announces that Kevin Bradley has informed the company of his intention to resign as CFO, effective Nov. 4. Bradley will remain with the company as Exec VP and Adviser to the CEO through year-end. Christine (Christie) Breves, currently Senior VP, Manufacturing Support and Chief Supply Chain Officer will become CFO.

    • Co also announces that it is implementing an enhanced operating model and organizational structure to accelerate its strategic transformation and better serve its customers, to be effective Jan. 1, 2020. These initiatives reduce costs and more closely align US Steel”s corporate structure with the co”s previously announced strategic investments in leading technology and advanced manufacturing, including the recently announced purchase of a minority interest in Big River Steel.

    • Scott Buckiso, currently Senior VP Automotive Solutions, has been named Chief Manufacturing Officer North American Flat-rolled (NAFR) segment. Scott will lead all NAFR production facility activities with a focus on safety, quality, delivery, and cost for customers and stockholders. Scott continues to be responsible for implementing U. S. Steel”s advanced high strength steel coating line at the PRO-TEC joint venture and will assume responsibility for the execution of the remaining strategic projects that will create a world-class hot strip mill at the Gary Works facility. Scott will also assume leadership for the co”s logistics services organization.

    • https://www.facebook.com/groups/493863300973045/permalink/908659766160061/

  3. X IS “IN PLAY”

    U.S. Steel beats by $0.06, reports slight beat on revs, reports EBITDA at high end of prior guidance

    Reports Q3 (Sep) loss of $(0.21) per share, excluding non-recurring items, $0.06 better than the S&P Capital IQ Consensus of ($0.27) and within prior guidance of $(0.26)-(0.20); revenues fell 17.7% year/year to $3.07 bln vs the $3.04 bln S&P Capital IQ Consensus.

    Adjusted EBITDA fell 73% yr/yr to $144 mln, at the high end of prior guidance of $134-144 mln and consensus of $139.9 mln.

    “While market headwinds persist, we continue to focus on what we can control, including re-scoping our asset revitalization investments and reducing fixed costs…We are using today”s market environment as a catalyst to improve our business model.”

    X, (Trade) has reported earnings of -0.21 per share versus last year’s earnings of 1.79 per share.

    X, (Trade) has been downgraded by Argus as a hold.

    Acquired at approximately 11.94. (Shares: 1) bringing the Average Price Paid (APP) to about 11.4033.

    Adjusted Buy Stop to 13.64. from 11.94.

    Adjusted Sell Stop to 13.21. from 11.42.

    https://www.facebook.com/groups/493863300973045/permalink/908659766160061/

  4. #X IS IN PLAY

    Adjusted Multiplier to 141. from 120.

    Adjusted Buy Stop to 7.06. from 8.06.

    Acquired at approximately 8.06. (Shares: 120) bringing the Average Price Paid (APP) to about 9.2209.

    Transferred 100% of Trade Money to Investment Money (Shares: 170) bringing the Average Price Paid (APP) to about 9.2209.

    OPTIONS ASSESSMENT:
    X JAN 21 2022 $25.00 CALL
    X JAN 21 2022 $3.00 PUT

    https://www.facebook.com/groups/493863300973045/permalink/908659766160061/

  5. #X IS IN PLAY

    If you like to make money, then do what I do; not what I say

    Adjusted Multiplier to 134.130810. from 141.000000.

    Adjusted Buy Stop to ASSESSING. from 7.06.

    Adjusted Sell Stop to ASSESSING. from ASSESSING.

    Acquired at approximately 7.06. (Shares: 141.000000) bringing the Average Price Paid (APP) to about 8.24.

    Transferred 100% of Trade Money to Investment Money (Shares: ASSESSING) bringing the Average Price Paid (APP) to about ASSESSING.

    Converted 100% of Investment/Trade Money at approximately ASSESSING. (Shares: ASSESSING) generating about +ASSESSING% of NEW Commission FREE Cash Reserve.

    https://www.facebook.com/groups/493863300973045/?post_id=908659766160061

  6. #X IS IN PLAY

    If you like to make money, then do what I do; not what I say

    Adjusted Multiplier to 124.957506. from 134.130810.

    Adjusted Buy Stop to 8.00. from ASSESSING.

    Adjusted Sell Stop to ASSESSING. from ASSESSING.

    Acquired at approximately ASSESSING. (Shares: ASSESSING) bringing the Average Price Paid (APP) to about ASSESSING.

    Transferred 100% of Trade Money to Investment Money (Shares: ASSESSING) bringing the Average Price Paid (APP) to about ASSESSING.

    Converted 100% of Investment/Trade Money at approximately ASSESSING. (Shares: ASSESSING) generating about +ASSESSING% of NEW Commission FREE Cash Reserve.

    https://www.facebook.com/groups/493863300973045/?post_id=908659766160061

  7. #X IS IN PLAY

    Multiplier (X) to 114.504358. from 136.359925.

    Buy Stop Limit (BSL) to ASSESSING. from 7.33.

    Sell Stop Limit (SSL) to 8.45. from ASSESSING.

    Converted Cash Reserve (CR) to Trade (T) at approximately 7.33. (Share: 136) bringing the Average Price Paid (APP) to about 8.1907.

    Converted Trade (T) to Investment (I) (Share: 677) bringing the Average Price Paid (APP) to about 8.1907.

    Just to reiterate, I placed the following order(s):
    – Sell 677. Shares @ Limit Price: 8.45.

    https://www.facebook.com/groups/493863300973045/permalink/908659766160061

  8. #X IS IN PLAY

    Multiplier (X) to 97.811140. from 114.504358.

    Buy Stop Limit (BSL) to 10.07. from ASSESSING.

    Sell Stop Limit (SSL) to ASSESSING. from 8.45.

    Converted Investment (I) to Cash Reserve (CR) at approximately 8.45. (Share: 677) generating about +3.17% ROI (Return on Investment).

    Just to reiterate, I placed the following order(s):
    + Buy 97. Shares @ Limit Price: 10.07.

    https://www.facebook.com/groups/493863300973045/permalink/908659766160061

  9. #X IS IN PLAY

    Multiplier (X) to 59.414629. from 97.811140.

    Buy Stop Limit (BSL) to 16.83. from 10.07.

    Sell Stop Limit (SSL) to 15.37. from XXXX.

    Converted Cash Reserve (CR) to Trade (T) at approximately 10.07. (Share: 97) bringing the Average Price Paid (APP) to about 10.07.

    Converted Trade (T) to Investment (I) (Share: 97) bringing the Average Price Paid (APP) to about 10.07.

    Just to reiterate, I placed the following order(s):
    + Buy 59. Shares @ Limit Price: 16.83.
    + Sell 97. Shares @ Limit Price: 15.37.

    https://www.facebook.com/groups/493863300973045/permalink/908659766160061

  10. #X IS IN PLAY

    Multiplier (X) to 46.371959. from 59.414629.

    Buy Stop Limit (BSL) to 20.89. from 16.83.

    Sell Stop Limit (SSL) to 20.78. from 15.37.

    Converted Cash Reserve (CR) to Trade (T) at approximately 16.83. (Share: 59) bringing the Average Price Paid (APP) to about 16.83.

    Converted Trade (T) to Investment (I) (Share: 59) bringing the Average Price Paid (APP) to about 12.6267.

    Just to reiterate, I placed the following order(s):
    + Buy 46. Shares @ Limit Price: 20.89.
    + Sell 156. Shares @ Limit Price: 20.78.

    Data:
    http://xiimm.net/collective/2021/01/17/united-states-steel-usd-x-usd/

    Graphics:
    http://xiimm.net/collective/x/

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