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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) announced enhancements to its capital allocation strategy, including a stock repurchase program worth up to $300 million and a quarterly dividend of $0.05 per share, marking a 400% increase from the previous quarter. The dividend will be paid on December 9, 2021, to shareholders on record by November 8, 2021. The company is on track to meet its $1 billion deleveraging target by year-end, reflecting strong cash and liquidity positions, and aims for long-term value creation through organic growth investments.
United States Steel Corporation (NYSE: X) will announce its third quarter 2021 financial results on October 28, 2021, post-market. A webcast is scheduled for October 29, 2021 at 8:30 a.m. EDT to discuss the results and provide updates. Key executives, including President and CEO David B. Burritt, will present. U.S. Steel aims for a secure, sustainable future through innovation and a customer-centric strategy. With a raw steelmaking capacity of 26.2 million net tons, the company serves various industries, emphasizing high-value steel products.
United States Steel Corporation (NYSE:X) provided its third quarter 2021 guidance, expecting adjusted EBITDA of approximately
United States Steel Corporation (NYSE: X) announced an exploratory site selection process for a new mini mill in the U.S. The planned facility will have a capacity of three million tons and utilize modern electric arc furnace technology. With an estimated investment of $3 billion, funding will come from existing cash and anticipated free cash flow. This initiative aligns with U. S. Steel's goal of reducing greenhouse gas emissions by 20% by 2030 and supports the expansion of its verdeXTM sustainable product line. Construction is expected to begin in 2022, with production anticipated in 2024.
United States Steel Corporation (NYSE: X) declared a dividend of $0.01 per share on its Common Stock. This dividend is payable on September 9, 2021 to stockholders of record by the close of business on August 9, 2021. Founded in 1901, U. S. Steel focuses on safety and innovation, providing high-value steel products across various industries. The company maintains a raw steelmaking capability of 26.2 million net tons annually and operates globally, with a commitment to sustainability and customer satisfaction.
United States Steel Corporation (NYSE: X) reported a strong second quarter 2021 with net earnings of $1,012 million ($3.53 per diluted share), a rebound from a net loss of $589 million in the same quarter last year. Adjusted net earnings were $964 million, showing significant improvement. Total net sales reached $5,025 million, compared to $2,091 million in Q2 2020. The company announced plans for up to $1 billion in debt reduction over the next 12 months, in addition to a prior commitment of $2.2 billion.
CEO David Burritt highlighted record adjusted EBITDA margins and ongoing investments in sustainability.
United States Steel Corporation (NYSE: X) announced the release of its second quarter 2021 financial results on July 29, 2021, following the close of trading. A webcast will be held on July 30, 2021, at 8:30 a.m. EDT, featuring key officials, including CEO David B. Burritt. The session will discuss the financial outcomes and potential forward-looking information. U. S. Steel, a prominent steel producer, emphasizes its Best for All strategy and innovation in serving various industries with high-value steel products.
United States Steel Corporation (NYSE: X) has awarded scholarships to twenty children of employees, funded by the U. S. Steel Foundation. Each scholarship is valued at $10,000, renewable for up to four years. Since 1995, nearly $4 million has been granted to over 400 recipients. This initiative underscores the company’s commitment to supporting the education of employees' families while promoting leadership and community involvement among students. U. S. Steel continues to innovate in providing high-value steel products, targeting sectors such as automotive and construction.
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