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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.

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Cleveland-Cliffs Inc. has received the assignment of the United Steelworkers' right to bid on the acquisition of United States Steel Corporation. Cliffs is now the only realistic buyer for U.S. Steel and has agreed to assume all agreements between U.S. Steel and the USW. The USW's transfer and assignment only applies to Cliffs.
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Esmark, Inc. has announced a voluntary public cash and exchange offer for all issued and outstanding shares in U.S. Steel Corporation for $35 USD per share. The offer period runs from August 14, 2023, to November 30, 2023, and may be extended. Completion of the offer is expected in Q4 2023, subject to regulatory and antitrust clearances.
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Cleveland-Cliffs refused to engage in necessary process to assess U.S. Steel's offer, U.S. Steel rejects proposal
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Cleveland-Cliffs publicly announces its offer to acquire 100% of the outstanding stock of U.S. Steel for a per share value of $17.50 in cash and 1.023 shares of Cliffs stock, representing a 43% premium to U.S. Steel's share price. The proposal provides a clear roadmap to completion and has the support of the United Steelworkers union.
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United States Steel Corporation (NYSE: X) has announced that its Board of Directors will initiate a formal review process to evaluate strategic alternatives for the company. This decision comes after the company received multiple unsolicited proposals. The review process will be conducted with the assistance of outside financial and legal advisors. The company's management team is committed to maximizing value for stockholders and will thoroughly evaluate the proposals.
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U. S. Steel (X) Collaborates with Google Cloud to Launch MineMind™, the Company's First Gen AI Application to Improve Efficiency and Productivity in North America's Largest Iron Ore Mine
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Hybar raises $700 million to build technologically advanced steel rebar mill in Arkansas. The financing was led by TPG Rise Climate and Global Principal Partners. The mill will produce high-yielding rebar for infrastructure projects. Hybar's technology reduces energy use and greenhouse gas emissions, making it the greenest steel producer in North America. Hybar is certified to issue Climate Bonds. The mill will be directly connected to a solar facility and has a special rate power contract with Entergy Arkansas. Hybar plans to produce 630,000 tons of rebar annually with 154 employees, making it the most labor efficient steel rebar producer in the world.
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United States Steel Corporation (NYSE: X) declared a dividend of $0.05 per share of U. S. Steel Common Stock payable on September 7, 2023, to stockholders of record on August 7, 2023.
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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.

United States Steel Corporation

NYSE:X

X Rankings

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