PITTSBURGH, January 30, 2019 – United States Steel Corporation (NYSE: X) reported full-year 2018 net earnings of $1,115 million. Adjusted net earnings were $957 million. This compares to a full-year 2017 net earnings of $387 million. Adjusted net earnings for 2017 was $341 million.

Fourth quarter 2018 net earnings were $592 million. Adjusted net earnings for the fourth quarter 2018 were $324 million. This compares to a fourth quarter 2017 net earnings of $159 million. Fourth quarter 2017 adjusted net earnings were $136 million.

For U. S. Steel Europe segment eearnings before interest and income taxes for the fourth quarter 2018 were $62 million, for the full-year 2018 were $359 million. Fourth quarter 2018 capital expenditures were $41 million and the raw steel capability utilization was 96%.

"We are pleased with both the strong earnings we reported in 2018 and the important progress we made on our strategic objectives," said U. S. Steel President and Chief Executive Officer David B. Burritt. "We are encouraged by the effectiveness of the investments we are making and remain focused on improving our operating and commercial performance to drive long-term value creation for our stockholders."

The Company currently expects first quarter 2019 adjusted EBITDA to be approximately $225 million.

First quarter 2019 EBITDA for the U. S. Steel Europe segment is expected to be lower than first quarter 2018, primarily due to lower volumes, higher raw materials costs, and an unfavorable change in the U.S. dollar / Euro exchange rate.