The actions of the American US Steel shares rise more than 1% on Wall Street on Thursday after the company reported better-than-expected earnings guidance for the next quarter. It also said it expects to obtain the necessary permits to be purchased by Nippon Steel before the end of the year. Concrete, steel mill expects adjusted earnings per share (EPS) for the third quarter of the year between $0.44 and $0.48while the consensus of analysts anticipated earnings of 0.36 dollars per share. In addition, the firm expects the Adjusted EBITDA for the period is approximately 300 million of dollars. For David B. Burritt, CEO of the companythis guidance «reflects resilient domestic demand for flat-rolled steel amid a bottoming steel pricing environment.» «The challenging pricing dynamics are being partially offset by benefits from our balanced and diverse order books in the North American flat-rolled segment. In Europe, we are experiencing a weakening demand environmentresulting in Blast Furnace #1 being temporarily idled following a planned 30-day outage as customer demand remains tepid,» it details. In addition, it has confirmed that the company continues «advancing U.S. regulatory reviews of pending transaction with Nippon Steel«a process that is expected to be completed before the end of the year. «We are confident in our ability to obtain these approvals. We continue working to close the transaction before the end of the year.. Earlier this quarter, Nippon Steel disclosed additional information regarding its post-closing governance structure and additional investment commitments of at least $1 billion to modernize the hot strip mill and other facilities at Mon Valley Works and approximately $300 million to refurbish Blast Furnace #14 at Gary Works,» he said. He also said he was «encouraged» by the «outstanding support» from employees and communities «who see their futures benefiting from the transaction and maintain the view that This agreement is the best deal for American steel and steelmaking communities«.