U.S. Steel falls after dour Q3 profit view on lower spot prices
** United States Steel Corp's shares X.N fall 4.1% to $39.00 premarket
** Thursday, after the bell, co flagged the impact of lower spot prices on Q3 earnings across all its segments
** Co reported 56% yoy fall in Q2 per-share adjusted profit and ~18% yoy fall in Q2 net sales; however, beat Wall Street estimates for both
** "The beat is entirely due to earnings in the Flat-Rolled segment almost doubling sequentially as the impact of annual fixed price contracts, raw material savings, and favorable hedging contracts" - Jefferies
** Q2 net sales of $4.12 bln came above analysts' estimates of $4.02 bln - LSEG data
** Q2 adjusted EPS of 84 cents vs. LSEG estimate of 77 cents
** Stock had fallen 16% YTD
Reporting by Aatreyee Dasgupta
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