STOCK TITAN
  1. Home
  2. News
  3. X

United States Steel Corporation - X STOCK NEWS

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.

News

U. S. Steel Stockholders Approve Transaction with Nippon Steel Corporation (NSC)

Rhea-AI Summary
United States Steel (NYSE: X) stockholders approve merger with Nippon Steel , creating 'Best Steelmaker with World-Leading Capabilities'. Over 98% of shares voted in favor, representing a significant step towards completion of the transaction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.13%
Tags
none
-
News

U. S. Steel and CarbonFree Sign Definitive Agreement to Capture Carbon Dioxide Emissions at One of the Largest North American Integrated Steel Mills

Rhea-AI Summary
United States Steel (NYSE: X) partners with CarbonFree to capture carbon emissions from Gary Works Blast Furnaces using SkyCycle™ technology, aiming to convert up to 50,000 metric tons of CO2 annually into carbon-neutral calcium carbonate. The project aligns with U. S. Steel's emission reduction goals and responds to the demand for low emissions products, with construction starting in 2024 and operations in 2026.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.16%
Tags
none
-
News

U. S. Steel Consent Decree for Clairton Plant Incidents Authorized by Environmental Protection Agency and Department of Justice

Rhea-AI Summary
United States Steel (NYSE: X) receives authorization for multi-million-dollar Consent Decree from U.S. EPA and DOJ. The agreement includes community support, facility upgrades, and emissions reductions. U.S. Steel to invest in public health projects, coke oven gas cleaning facilities, and environmental changes at Clairton Plant.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.09%
Tags
none
News

United States Steel Honors Employees for Community Service with Donations to Charitable Organizations

Rhea-AI Summary
United States Steel (NYSE: X) recognizes outstanding employee volunteers through its United by Service initiative, awarding $75,000 to charitable organizations. Tyrell Anderson named Volunteer of the Year, receiving $15,000 for Decay Devils charity. U. S. Steel employees volunteered over 20,000 hours in 2023, impacting communities positively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.15%
Tags
none
-
News

United States Steel Corporation Provides First Quarter 2024 Guidance

Rhea-AI Summary
United States Steel (X) provides first quarter 2024 adjusted net earnings per diluted share guidance of $0.80 to $0.84 and expects adjusted EBITDA of approximately $425 million. The company remains focused on closing the transaction with Nippon Steel and anticipates healthy steel demand, strong operating performance, and improved margins. Various segments show positive performance trends, with the Flat-Rolled segment expecting higher EBITDA, the Mini Mill segment doubling fourth quarter performance, the European segment improving EBITDA, and the Tubular segment facing challenges due to lower demand and prices. The company is nearing completion of strategic investments and looks forward to merging with Nippon Steel
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.05%
Tags
earnings
-
News

U. S. Steel Makes Strategic Investment in Pittsburgh-Based Autonomous Warehousing Pioneer -- Freespace Robotics

Rhea-AI Summary
United States Steel Corporation (NYSE: X) invests in Freespace Robotics, a Pittsburgh-based manufacturer of robotic storage systems, to support innovation and the regional economy. Freespace's autonomous storage system aims to revolutionize goods storage and retrieval, with U.S. Steel backing its growth plans and local talent recruitment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.72%
Tags
none
News

Ethisphere Names U. S. Steel One of the World’s Most Ethical Companies® for Third Consecutive Year

Rhea-AI Summary
United States Steel Corporation (NYSE: X) has been recognized as one of the 2024 World’s Most Ethical Companies® by Ethisphere for the third consecutive year. The company's commitment to ethics, compliance, and governance programs has been acknowledged, showcasing its dedication to business integrity and accountability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.61%
Tags
none
-
News

United States Steel Corporation Publishes Video Highlighting Fourth Quarter and Full-Year 2023 Results

Rhea-AI Summary
United States Steel Corporation (NYSE: X) released a video featuring President and CEO David B. Burritt and CFO Jessica T. Graziano discussing the company's fourth quarter and full-year 2023 earnings, providing guidance for the first quarter of 2024, and addressing the acquisition of U. S. Steel.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.76%
Tags
earnings
-
News

United States Steel Corporation Declares Dividend

Rhea-AI Summary
United States Steel Corporation (NYSE: X) declared a dividend of $0.05 per share of U. S. Steel Common Stock, payable on March 13, 2024. Founded in 1901, the company focuses on safety and innovation, serving industries with high value-added steel products and maintaining competitively advantaged iron ore production.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.67%
Tags
dividends
News

United States Steel Corporation Reports Fourth Quarter and Full-Year 2023 Results

Rhea-AI Summary
United States Steel Corporation (NYSE: X) reported a net loss of $80 million, or $0.36 per diluted share for the fourth quarter of 2023, with full-year 2023 net earnings of $895 million, or $3.56 per diluted share. Adjusted net earnings for the fourth quarter of 2023 were $167 million, or $0.67 per diluted share, and full-year 2023 adjusted net earnings were $1,195 million, or $4.73 per diluted share. The company's fourth quarter 2023 adjusted EBITDA was $330 million, with full-year 2023 adjusted EBITDA of $2,139 million. U. S. Steel President and CEO David B. Burritt commented on the company's performance, highlighting strong financial and operational results, as well as the signing of a definitive merger agreement with Nippon Steel Corporation. The company's strategic investments and upcoming projects were also discussed, with a focus on sustainable steelmaking and strengthening the competitive landscape of the steel industry. The company expects the merger with Nippon Steel to close in the second or third quarter of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.67%
Tags
earnings

FAQ

What is the current stock price of United States Steel Corporation (X)?

The current stock price of United States Steel Corporation (X) is $39.03 as of November 22, 2024.

What is the market cap of United States Steel Corporation (X)?

The market cap of United States Steel Corporation (X) is approximately 8.9B.

What does United States Steel Corporation do?

United States Steel Corporation is an integrated steel producer that manufactures a wide range of value-added steel sheet and tubular products for various industries, including automotive, appliance, container, industrial machinery, construction, and oil and gas.

Where is United States Steel Corporation headquartered?

United States Steel Corporation is headquartered in Pittsburgh, Pennsylvania, USA.

What are the main operating segments of U. S. Steel?

The main operating segments of U. S. Steel include North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular).

How much steel does U. S. Steel produce annually?

U. S. Steel has an annual raw steelmaking capacity of 24.4 million net tons.

Which industries does U. S. Steel serve?

U. S. Steel serves industries such as automotive, appliance, container, industrial machinery, construction, and oil and gas.

What sets U. S. Steel apart from other steel producers?

U. S. Steel is known for its efficient and high-tech operations, strong customer focus, and over 110 years of experience in the steel industry. The company continually seeks to strengthen its global presence and meet world-class standards.

What recent achievements has U. S. Steel made?

Recent achievements of U. S. Steel include strategic initiatives to enhance production capacities, improve sustainability, reduce carbon emissions, and advance new steelmaking technologies.

What is U. S. Steel's approach to sustainability?

U. S. Steel is actively involved in projects aimed at improving sustainability and reducing carbon emissions, reflecting its commitment to environmental responsibility.

How does U. S. Steel maintain its competitive edge?

U. S. Steel maintains its competitive edge through continuous innovation, strategic partnerships, and a strong focus on meeting customer needs and exceeding industry standards.

What is the importance of U. S. Steel’s global outlook?

A global outlook is crucial for U. S. Steel to remain competitive in the increasingly global marketplace. The company continually looks for opportunities to expand its presence and strengthen its market position worldwide.

Stock X logo
United States Steel Corporation

NYSE:X

X Rankings

#937 Ranked by Market Cap
#2005 Ranked by Dividends

X Stock Data

8.91B
221.68M
1.5%
88.49%
7.11%
Steel
Steel Works, Blast Furnaces & Rolling Mills (coke Ovens)
Link
United States of America
PITTSBURGH