After announcing plans to idle two furnaces in the U.S. and another in Europe because of weak demand, premarket numbers are up for U.S. Steel. TheStreet reports:
U.S. Steel also said it expects adjusted earnings in the fiscal second quarter of about 40 cents a share, below analysts' forecasts of 51 cents, and second-quarter adjusted EBITDA of about $250 million, excluding $15 million of costs related to a fire at its Clairton coke making facility in December.