U. S. Steel Announces New Industry-Leading Warranty Policy for GALVALUME® Coated Steel Coils

Rhea-AI Summary

United States Steel Corporation (NYSE: X) has announced a significant enhancement to its warranty for GALVALUME® coated steel coils, doubling the coverage from 20-25 years to 40-60 years, effective for coils shipped from January 1, 2023. This decision reflects the product's growing success in both residential and nonresidential markets and aims to bolster builder confidence with superior performance against extreme weather conditions. The upgraded warranties underscore U.S. Steel's commitment to sustainable and high-quality building materials.

Positive

• Doubling of warranty for GALVALUME® coated steel coils to 40-60 years enhances product appeal.
• Reflects strong market adoption and increased consumer confidence in durability.
• Supports sustainability goals by promoting recyclable building materials.

Negative

• None.

Doubles length of GALVALUME^® steel warranty in response to success and adoption of product among residential and nonresidential building applications, supports a more sustainable steel future

PITTSBURGH--(BUSINESS WIRE)-- United States Steel Corporation (NYSE: X) (“U. S. Steel”) announced today a doubling of the standard limited warranty policy for GALVALUME^® coated coils used in nonresidential and residential building construction. The new warranties provided to U. S. Steel customers will range from 40-60 years, a significant upgrade from the existing 20-25 year warranties.

Roof of multi-family residential building outfitted with U. S. Steel’s GALVALUME® coated steel coils for superior and lasting performance. U. S. Steel upgraded its warranty on GALVALUME® from 20-25 years to 40-60 years. (Photo: Business Wire)

U. S. Steel's new warranty policy responds to the needs of consumers and our customers alike, further supporting the growth of corrosion-resistant sheet steels in building construction. These longer warranties can provide builders with confidence that GALVALUME^® coated steel will have superior and lasting performance – and withstand mother nature’s most extreme events like hurricanes, heavy snowfall, and wildfires.

U. S. Steel has been coating GALVALUME^® steel for more than 40 years and is the most experienced and longest tenured licensee of GALVALUME^® coated steel coils in North America. GALVALUME^® coated steel is a preferred alternative to zinc-aluminum coated steel because the latter is often unlicensed and imported into the U.S. construction market and may not meet the same performance standards or have the same complex coated microstructure as GALVALUME^®.

In addition to its superior longevity and corrosion resistance for construction roofing and siding, GALVALUME^® is a 100 percent recyclable steel which is a key differentiator from other roofing materials, such as traditional asphalt shingles, which frequently require disposal into landfills.

"At U. S. Steel, we understand and share the commitment of our customers and their customers who demand long performing, environmentally-friendly building materials that are high quality and cost-effective. Licensed GALVALUME^® continues to prove itself in the market as the premier choice for roofing and architectural panels, and other construction applications,” said Ken Jaycox, Senior Vice President & Chief Commercial Officer at U. S. Steel.

The new warranties apply to coils shipped on or after January 1, 2023, with heavier coating weights receiving longer warranties. Pre-painted products receive an additional 10 years of coverage. GALVALUME^® is a registered trademark of BIEC International Inc.

U. S. Steel was the first American steelmaker to commit to a net zero greenhouse gas emissions goal by 2050 and the first North American steel company to join ResponsibleSteel™, a global not-for-profit working to make steel more sustainable. More information on U. S. Steel’s greenhouse gas emissions targets and environmental efforts is available here. More information on GALVALUME^® products is located here.

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Founded in 1901, United States Steel Corporation is a leading steel producer. With an unwavering focus on safety, the Company’s customer-centric Best for All^® strategy is advancing a more secure, sustainable future for U. S. Steel and its stakeholders. With a renewed emphasis on innovation, U. S. Steel serves the automotive, construction, appliance, energy, containers, and packaging industries with high value-added steel products such as U. S. Steel’s proprietary XG3™ advanced high-strength steel. The Company also maintains competitively advantaged iron ore production and has an annual raw steelmaking capability of 22.4 million net tons. U. S. Steel is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe. For more information, please visit www.ussteel.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230112005671/en/

Amanda Malkowski

Media Relations Manager

Corporate Communications

T - (412) 736-2475

E – almalkowski@uss.com

Source: United States Steel Corporation

FAQ

What is the new warranty duration for GALVALUME® coated steel from U.S. Steel?

The new warranty duration for GALVALUME® coated steel from U.S. Steel is now 40-60 years.

When does the new warranty for GALVALUME® products take effect?

The new warranty for GALVALUME® products takes effect for coils shipped on or after January 1, 2023.

How does the new warranty policy impact U.S. Steel's customers?

The new warranty policy provides customers with increased confidence in the long-term performance of GALVALUME® coated steel in construction.

What distinguishes GALVALUME® from other coated steels in the market?

GALVALUME® is preferred due to its superior longevity, corrosion resistance, and licensed manufacturing, unlike many unlicensed alternatives.

Is GALVALUME® coated steel environmentally friendly?

Yes, GALVALUME® is made from 100% recyclable steel, making it an environmentally friendly building material.