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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) and the Pittsburgh Penguins announced a joint effort for an $18 million capital campaign to renovate the Braddock Carnegie Library. Co-chaired by hockey legend Bryan Trottier and U. S. Steel's CEO David B. Burritt, this initiative aims to modernize the library, enhancing access and facilities for approximately 15,000 residents in the Mon Valley. U. S. Steel contributes $500,000 to kickstart fundraising, which has already garnered $8 million from various foundations. This community-focused project emphasizes education and accessibility.
United States Steel Corporation (NYSE:X) has declared a $0.05 dividend per share, payable on June 8, 2022, to shareholders on record as of May 9, 2022. The company, established in 1901, emphasizes safety and sustainability through its Best for All® strategy. U. S. Steel produces high-value-added steel products for critical industries like automotive and energy, with an annual production capability of 22.4 million net tons.
United States Steel Corporation (NYSE: X) reported record first quarter 2022 net earnings of $882 million, equating to $3.02 per diluted share, a significant rise from $91 million in Q1 2021. Adjusted net earnings were $891 million, or $3.05 per diluted share. Total net sales surged to $5.234 billion, up from $3.664 billion year-over-year. Adjusted EBITDA reached $1.337 billion, highlighting strong operational performance despite global challenges. The Mini Mill segment demonstrated robust growth with 38% EBITDA margins, and the company generated over $400 million in free cash flow.
United States Steel Corporation (NYSE: X) will announce its Q1 2022 financial results on April 28, 2022, after market close. A webcast is scheduled for April 29, 2022, at 8:30 a.m. ET to discuss results and company updates. This quarter, U. S. Steel is enhancing investor engagement by partnering with Say Technologies to take questions from investors before the earnings call. Key executives, including David B. Burritt, will participate in the webcast. Investors can access the webcast via the U. S. Steel website.
United States Steel Corporation (NYSE: X) announced that its Big River Steel mill in Osceola, Arkansas has achieved the first-ever ResponsibleSteel™ site certification in North America. This certification follows a thorough third-party audit by SRI Quality System Registrar, validating the mill's adherence to the ResponsibleSteel Standard, which encompasses health and safety, greenhouse gas emissions, and labor rights. U.S. Steel aims to set a new sustainability benchmark in the steel sector, aligning its operations with rigorous environmental, social, and governance principles.
United States Steel Corporation (NYSE:X) has announced its first quarter 2022 guidance, projecting an adjusted EBITDA of approximately
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.
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