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United States Steel Corporation (commonly known as U. S. Steel), headquartered in Pittsburgh, PA, is a leading integrated steel producer with significant production operations in both the United States and Central Europe. With an annual raw steelmaking capability of 24.4 million net tons, U. S. Steel manufactures a diverse range of value-added steel sheet and tubular products that cater to varied industries including automotive, appliance, container, industrial machinery, construction, and oil and gas.
Founded over 110 years ago, U. S. Steel has consistently focused on delivering cost-effective solutions to meet customer needs. The company operates through several key segments: North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment, which includes integrated steel plants and equity investees in North America, is involved in the production of slabs, strip mill plates, sheets, and tin mill products, and manages all iron ore and coke production facilities in the U. S.
U. S. Steel’s operations are marked by efficiency and advanced technology, coupled with a strong customer focus. The company continually seeks opportunities to expand its presence globally and strives to meet and exceed world-class standards in all its endeavors. This commitment to innovation and excellence is reflected in its projects and partnerships, which aim to strengthen its market position and competitive edge in the global marketplace.
Recent achievements highlight U. S. Steel’s strategic initiatives to enhance its production capacities and product offerings. The company is actively involved in various projects aimed at improving sustainability, reducing carbon emissions, and advancing new steelmaking technologies. U. S. Steel’s financial condition remains robust, supported by its diverse product portfolio and strong customer relationships.
United States Steel Corporation (NYSE: X) is enhancing its metallics strategy with a $60 million investment to insource pig iron production at Gary Works. This project will yield up to 500,000 tons of pig iron annually, covering nearly 50% of Big River Steel's ore-based metallics needs. The investment is expected to generate over $30 million in annual EBITDA benefits and deliver an internal rate of return exceeding 30%. Construction is set to begin in early 2022, with production starting in the first half of 2023.
United States Steel Corporation (NYSE:X) has appointed Terry L. Dunlap to its Board of Directors. Dunlap, a principal at Sweetwater LLC, brings extensive experience, having served as Interim CEO and President of TimkenSteel Corporation and spent 31 years at Allegheny Technologies. He is currently on the boards of Matthews International and Ampco-Pittsburgh Corporation. U.S. Steel, founded in 1901, focuses on a sustainable future with innovative steel products, serving various industries with a raw steelmaking capacity of 22.4 million net tons.
United States Steel Corporation (NYSE: X) has announced that Christine S. Breves, the current Senior Vice President & Chief Financial Officer, plans to leave the company in 2022 after nine years. During the transition, she will maintain her CFO role while aiding in the search for a successor. Breves will be elevated to Executive Vice President – Business Transformation, continuing to support the company’s Best for All℠ strategy. Her extensive experience in finance and supply chain will contribute to U. S. Steel's ongoing transformation initiatives.
United States Steel Corporation (NYSE: X) has commenced construction on a $3 billion next-generation steel mill in Osceola, Arkansas. This facility is set to be the most advanced in North America and represents the largest private investment in the state’s history. Once operational in 2024, it will feature two electric arc furnaces with a capacity of 3 million tons annually, along with innovative endless casting and rolling technology, enhancing production efficiency. The project is expected to create 900 permanent jobs and thousands of construction jobs, significantly benefiting the local economy.
United States Steel Corporation (NYSE:X) has appointed Daniel R. Brown as Senior Vice President of Advanced Technology Steelmaking and COO of Big River Steel Works, effective February 1, 2022. Brown, previously Vice President, will oversee current and future flat roll steel production in Arkansas using Electric Arc Furnaces and advanced technology. U.S. Steel emphasizes safety and innovation, serving various industries with advanced steel products and maintaining a raw steelmaking capacity of 22.4 million tons annually.
United States Steel Corporation (NYSE: X) announced a dividend of $0.05 per share, payable on March 8, 2022, to stockholders of record on February 7, 2022. The company emphasizes a commitment to sustainability and innovation, targeting industries such as automotive and construction. U. S. Steel boasts an annual raw steelmaking capability of 22.4 million net tons and operates globally, with a focus on high-value steel products like XG3™ advanced high-strength steel.
United States Steel Corporation (NYSE: X) reported strong fourth quarter 2021 results with net earnings of $1.069 billion ($3.75 per diluted share) compared to $49 million in Q4 2020. For the full year, net earnings reached $4.174 billion ($14.88 per diluted share) versus a net loss of $1.165 billion in 2020. Adjusted EBITDA for 2021 was $5.592 billion. Liquidity stood at $4.971 billion, including $2.522 billion in cash. The company plans to return $500 million to shareholders through stock buybacks. CEO David Burritt emphasized a commitment to a disciplined approach to enhancing shareholder value.
United States Steel (NYSE:X) and Carnegie Foundry announced a strategic investment partnership aimed at enhancing industrial automation through advanced robotics and AI. This collaboration seeks to innovate solutions for a robust supply chain and emphasizes U. S. Steel's commitment to its Best for All℠ strategy. Carnegie Foundry plans to use the investment to accelerate its automation technologies in various sectors, aligning closely with U. S. Steel's operational goals. Both companies will also join the Carnegie Foundry Board, reinforcing their collaboration.
United States Steel Corporation (NYSE: X) has announced that it will disclose its financial outcomes for the fourth quarter and full year 2021 on January 27, 2022, after market close. A webcast detailing these results is scheduled for January 28, 2022, at 8:30 a.m. EST, featuring key executives such as CEO David B. Burritt and CFO Christine S. Breves. The company emphasizes its commitment to safety and innovation in steel production, notably with its proprietary XG3™ advanced high-strength steel.
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