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 Reaches Agreement for Clairton Plant Incidents; Includes Significant Funding to Support Local Communities

Rhea-AI Summary
United States Steel Corporation (NYSE: X) has signed a Consent Decree with the Allegheny County Health Department, Clean Air Council, and PennEnvironment to address the Clairton Plant fire in 2018 and power outages at the Plant in 2019 and 2022. The agreement includes $19.5 million investments in upgrades to coke oven gas cleaning facilities and $4.5 million to support local communities. U. S. Steel will also cover part of the litigation costs for PennEnvironment and Clean Air Council, pay $500,000 to the Allegheny County Clean Air Fund, and permanently idle Battery #15 at Mon Valley Works - Clairton Plant without job reductions. The company has invested roughly $750 million in its Mon Valley operations in the past five years and invests more than $100 million per year on environmental compliance efforts at Mon Valley Works, contributing to an environmental and permit regulation compliance rate above 99%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.12%
Tags
none
-
News

United States Steel Corporation to Release Fourth Quarter and Full Year 2023 Financial Results on February 1, 2024

Rhea-AI Summary
United States Steel Corporation (NYSE: X) announced the release of its financial results for Q4 and full year 2023. The company will not hold an earnings conference call due to a pending merger agreement with Nippon Steel Corporation. Instead, the earnings release and other relevant updates will be issued concurrently. U. S. Steel is a leading steel producer with a focus on safety and innovation, serving various industries with high value-added steel products.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.63%
Tags
earnings
-
News

Nippon Steel Corporation (NSC) to Acquire U. S. Steel, Moving Forward Together as the ‘Best Steelmaker with World-Leading Capabilities’

Rhea-AI Summary
Nippon Steel Corporation (NSC) (TSE: 5401) is set to acquire United States Steel Corporation (NYSE: X) in an all-cash transaction at $55.00 per share, representing an equity value of approximately $14.1 billion. The acquisition will strengthen NSC's manufacturing and technology capabilities, diversify its global footprint, and contribute to the global steel industry's decarbonization efforts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
26.09%
Tags
acquisition
News

United States Steel Corporation Provides Fourth Quarter 2023 Guidance

Rhea-AI Summary
United States Steel Corporation (NYSE: X) expects fourth quarter 2023 adjusted net earnings per diluted share to be between $0.20 and $0.25 and adjusted EBITDA to be around $250 million. The company's President and CEO, David B. Burritt, highlighted the impact of the autoworkers' strike on the domestic flat-rolled order book but expressed optimism due to the diverse order book and increased shipments in the Tubular segment. The company's focus on safety, environmental, and operational performance is expected to lead to another strong quarter. Burritt also emphasized the improving domestic steel markets, growing customer demand, and increasing spot selling prices. The company is ending 2023 from a position of strength, with strong performance, successful negotiations for annual auto contracts, and progress on strategic projects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.21%
Tags
earnings
-
News

U. S. Steel’s Operations in Minnesota Generated $1.8 Billion in Economic Impact

Rhea-AI Summary
United States Steel Corporation (U. S. Steel) contributed $1.8 billion to the local and state economy in FY22, supporting 5,284 jobs. The company's Minnesota Ore Operations in the Mesabi Iron Range of northern Minnesota has a significant economic impact, generating $911.9 million from direct impact and $865.4 million in indirect/induced impact. U. S. Steel also contributed $141 million in state and local taxes in Minnesota in FY22.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.34%
Tags
none
-
News

U. S. Steel Receives a Perfect Score on Human Rights Campaign Foundation’s 2023 Corporate Equality Index (CEI) for Fourth Consecutive Year

Rhea-AI Summary
U. S. Steel Corporation (X) Earns Human Rights Campaign Foundation’s Equality 100 Award and Perfect Score on Corporate Equality Index for Fourth Consecutive Year
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.9%
Tags
none
News

U. S. Steel Releases 2023 Task Force on Climate-Related Financial Disclosures Report

Rhea-AI Summary
United States Steel Corporation (NYSE: X) Releases 2023 TCFD Report on Climate-Related Financial Disclosures, Highlighting Risk Management and Opportunities for Low-Carbon Products and Renewable Energy
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.2%
Tags
none
-
News

U. S. Steel Pioneers Battery-Powered Locomotives, Reinforces Commitment to Sustainability and Community

Rhea-AI Summary
U.S. Steel converts two diesel switcher locomotives at Mon Valley Works to battery-operated locomotives. The conversion is expected to reduce airborne particulate matter emissions by .385 tons, equivalent to 7,000 gasoline-powered passenger vehicles. The switch will also reduce diesel fuel consumption by 40,000 gallons annually and contribute to the company's goal of achieving net-zero emissions by 2050.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.83%
Tags
none
-
News

U. S. Steel’s Operations in Pennsylvania Generated $3.6 Billion in Economic Impact

Rhea-AI Summary
U.S. Steel's operations in Pennsylvania contributed $3.6 billion to the local and state economy in FY22, supporting 11,417 jobs. The company generated $138.2 million in state and local taxes and partnered with organizations for community activities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.83%
Tags
none
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 December 7, 2023. Founded in 1901, U. S. Steel is a leading steel producer with a focus on safety and a customer-centric strategy. It serves industries such as automotive, construction, and energy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.13%
Tags
dividends

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