Welcome to our dedicated page for United States Steel Corporation news (Ticker: X), a resource for investors and traders seeking the latest updates and insights on United States Steel Corporation stock.
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) has agreed to sell Transtar, LLC to Fortress Transportation and Infrastructure Investors LLC for $640 million, expected to close in Q3 2021. This sale supports U. S. Steel's focus on core mining and steelmaking activities, unlocking immediate value for shareholders. Proceeds will enhance the balance sheet, including deleveraging. A 15-year contract will maintain operations at six railroads. The transaction emphasizes aligning operations under the Best for All strategy to further bolster growth and stability.
United States Steel Corporation (NYSE: X) has declared a $0.01 per share dividend, payable on June 9, 2021 to stockholders of record by May 10, 2021. Founded in 1901, the company is a major steel producer with an annual raw steelmaking capability of 26.2 million net tons. U. S. Steel employs a customer-centric strategy, focusing on innovation and sustainability, serving a diverse array of industries, including automotive and construction. Additionally, it operates the subsidiary Big River Steel, reinforcing its commitment to advanced steel production.
United States Steel Corporation (NYSE: X) reported a strong first quarter 2021, with net earnings of $91 million ($0.35 per diluted share), a significant recovery from a net loss of $391 million in Q1 2020. Adjusted net earnings reached $283 million ($1.08 per diluted share), driven by robust customer demand and contributions from the Big River Steel acquisition. Total net sales increased to $3.664 billion from $2.748 billion a year earlier. Adjusted EBITDA stood at $551 million, illustrating solid operational performance amidst rising steel prices.
United States Steel Corporation (NYSE: X) announced its membership in ResponsibleSteel, the first North American steel company to join this global initiative aimed at promoting sustainability in steel production. This membership aligns with U. S. Steel’s ESG commitments and its goal of achieving carbon neutrality by 2050. The CEO of ResponsibleSteel highlighted U. S. Steel's significant influence in driving responsible practices within the industry, as the company contributes to nearly 10% of global steel production. This collaboration aims to address the steel industry's impact on greenhouse gas emissions.
United States Steel Corporation (NYSE: X) has announced an ambitious goal of achieving net-zero carbon emissions by 2050. The company plans to leverage electric arc furnaces, carbon-free energy, and advanced technologies like carbon capture and sequestration to meet this target. U. S. Steel also aims to reduce greenhouse gas emissions intensity by 20% by 2030. As part of its sustainability strategy, U. S. Steel has launched the verdeX™ product line, producing advanced high-strength steels with significantly lower carbon emissions. The initiative reflects the company's commitment to climate change and sustainable steel production.
U. S. Steel Corporation (NYSE: X) will announce its first quarter 2021 financial results on April 29, 2021, post-market hours. A webcast is scheduled for April 30, 2021, at 8:30 a.m. EDT to discuss these results and provide updates, potentially including forward-looking statements. Key executives, including CEO David B. Burritt and CFO Christine S. Breves, will participate in the call. U. S. Steel, founded in 1901, operates with a focus on safety and innovation, producing high-value steel products across various industries.
The Pittsburgh Penguins and U. S. Steel announced a multi-year partnership aimed at community development, focusing on literacy and sports accessibility. The Reading Challenge, launching in Fall 2021, incentivizes reading among Mon Valley students. Additionally, U. S. Steel will support "Try Hockey for Free Day," eliminating financial barriers for children interested in hockey. This initiative reflects both organizations' commitment to enhancing community welfare and sustainability, as stated by their leaders. U. S. Steel is a leading steel producer and emphasizes its dedication to innovation and customer-centric strategies.
United States Steel Corporation (NYSE: X) congratulated Eugene B. Sperling on his appointment to the Biden Administration, expressing gratitude for his contributions as a Board member since July 2017. Chairman David S. Sutherland praised Sperling's economic insight, while CEO David B. Burritt highlighted the positive impact of his new role. U. S. Steel, founded in 1901, is a leading steel producer with annual capabilities of 26.2 million net tons, serving various industries with advanced steel products and a focus on innovation and sustainability.
FAQ
What is the current stock price of United States Steel Corporation (X)?
What is the market cap of United States Steel Corporation (X)?
What does United States Steel Corporation do?
Where is United States Steel Corporation headquartered?
What are the main operating segments of U. S. Steel?
How much steel does U. S. Steel produce annually?
Which industries does U. S. Steel serve?
What sets U. S. Steel apart from other steel producers?
What recent achievements has U. S. Steel made?
What is U. S. Steel's approach to sustainability?
How does U. S. Steel maintain its competitive edge?
What is the importance of U. S. Steel’s global outlook?
