united states steel corp issued currentquarter adjusted earnings guidance that fell shy of wall street expectations as the company idles some plants to balance supply with demand us steel said it expects adjusted earnings to be between 190 a share and 195 a share for the third quarter analysts surveyed by factset were looking for adjusted earnings of 209 a share for the quarter we expect to deliver a solid third quarter even as the business continues to respond to the market headwinds that have accelerated over the quarter chief executive david burritt said we have quickly adjusted our integrated steelmaking operating footprint to better match our order book and expect our tubular segment to deliver another quarter of earnings growth the company said it has temporarily idled blast furnace 8 at its gary works mill in indiana due to market conditions and continued high levels of imports it has also temporarily idled tin line 5 at gary works due to market conditions and elevated levels of tin product imports in the companys flatrolled steel segment accelerating market headwinds hurt demand across most endmarkets which is expected to hamper shipments for the current quarter us steel said fixedprice contracts are expected to protect the companys average selling price despite lower spot prices supply chain issues in automotive and appliance endmarkets continue while containers and packaging has softened and service center buyers remain on the sidelines the company said weaker demand and significantly reduced average selling prices are also expected to hurt earnings in us steels mini mill segment highcost raw materials procured at the onset of the war in ukraine began to hit margins in the quarter and are expected to affect results through yearend it said adjusted earnings before interest taxes depreciation and amortization in the segment are expected to fall from the second quarter in the european business adjusted ebitda is expected to be significantly lower than in the second quarter the economic effects from the war in ukraine and seasonal buying patterns have hampered demand the company said lower steel prices are also hitting results as a result the company has pulled forward a planned blast furnace outage from october into september to better balance supply with softer demand the companys tubular segment is expected to see adjusted ebitda grow from last quarter write to will feuer at willfeuerwsjcom