Metallus sees Q3 adjusted EBITDA ‘moderately lower’ than Q2

Given the elements outlined in the outlook below, the company expects third-quarter adjusted EBITDA to be modestly lower than the second quarter. While the company expects sequentially similar shipments and base prices as well as improved operational performance, profitability is expected to be negatively impacted by costs associated with labor agreement negotiations, higher electricity costs, and planned annual shutdown maintenance costs.