Welcome to our dedicated page for U. S. Steel news (Ticker: X), a resource for investors and traders seeking the latest updates and insights on U. S. Steel stock.
U.S. Steel Corporation (X) maintains its position as a leading integrated steel producer through continuous operational updates and strategic developments. This page serves as the definitive source for verified news about production innovations, financial results, and market initiatives across its North American and European operations.
Investors and industry professionals will find curated updates on flat-rolled steel advancements, mini mill efficiencies, and tubular product applications. Our aggregation includes earnings disclosures, sustainability progress reports, and material partnerships affecting key sectors like automotive and construction.
All content undergoes strict verification to ensure accuracy regarding production capabilities and corporate governance matters. Regular updates provide insights into technological investments and operational adjustments that maintain U.S. Steel's competitive edge in global markets.
Bookmark this resource for streamlined access to operational updates and regulatory filings. Combine these verified reports with broader market analysis for comprehensive investment research.
United States Steel Corporation (NYSE: X) reported strong fourth quarter 2021 results with net earnings of $1.069 billion ($3.75 per diluted share) compared to $49 million in Q4 2020. For the full year, net earnings reached $4.174 billion ($14.88 per diluted share) versus a net loss of $1.165 billion in 2020. Adjusted EBITDA for 2021 was $5.592 billion. Liquidity stood at $4.971 billion, including $2.522 billion in cash. The company plans to return $500 million to shareholders through stock buybacks. CEO David Burritt emphasized a commitment to a disciplined approach to enhancing shareholder value.
United States Steel (NYSE:X) and Carnegie Foundry announced a strategic investment partnership aimed at enhancing industrial automation through advanced robotics and AI. This collaboration seeks to innovate solutions for a robust supply chain and emphasizes U. S. Steel's commitment to its Best for All℠ strategy. Carnegie Foundry plans to use the investment to accelerate its automation technologies in various sectors, aligning closely with U. S. Steel's operational goals. Both companies will also join the Carnegie Foundry Board, reinforcing their collaboration.
United States Steel Corporation (NYSE: X) has announced that it will disclose its financial outcomes for the fourth quarter and full year 2021 on January 27, 2022, after market close. A webcast detailing these results is scheduled for January 28, 2022, at 8:30 a.m. EST, featuring key executives such as CEO David B. Burritt and CFO Christine S. Breves. The company emphasizes its commitment to safety and innovation in steel production, notably with its proprietary XG3™ advanced high-strength steel.
United States Steel Corporation (NYSE: X) has announced plans for a next-generation steel mill in Osceola, Arkansas, adjacent to its Big River Steel plant. This facility will feature two electric arc furnaces with a combined annual capacity of 3 million tons, utilizing innovative endless casting and rolling technology. The $3 billion project aims for LEED certification, emphasizing sustainability. Groundbreaking is expected in Q1 2022, with operations slated for 2024. The new mill will enable U.S. Steel to meet growing customer demand and enhance its supply chain capabilities.
U.S. Steel has successfully hosted a family of bald eagles at its Mon Valley Works Irvin Plant in Pennsylvania for three years. The Pennsylvania Game Commission has authorized the installation of a live camera, making it the first at a steel plant in the state. Employees first noticed the nesting eagles in 2019, and two eaglets have successfully fledged this year. U.S. Steel aims to share this experience with the community, highlighting their commitment to safety and environmental stewardship. The camera will provide 24/7 live footage accessible to the public.
United States Steel Corporation (NYSE:X) has projected fourth quarter 2021 adjusted EBITDA of approximately $1.65 billion. The company is experiencing record operational performance and anticipates continued strong results into 2022, driven by higher fixed-price contracts and a steel industry super cycle. They have repurchased $100 million in common stock and completed $400 million in deleveraging, with total debt expected to be $3.9 billion. The Flat-rolled segment's EBITDA is projected to approach $1 billion amid rising steel prices.
U.S. Steel, Norfolk Southern, and Greenbrier have partnered to launch a new sustainable steel gondola railcar, leveraging high-strength, lighter-weight steel. Each gondola can decrease unloaded weight by up to 15,000 pounds, enhance freight capacity, and potentially extend operational lifespan to 50 years. Norfolk Southern plans to acquire 800 of these innovative gondolas. This collaboration aims to improve energy efficiency and reduce emissions, reflecting the companies' commitment to sustainability in the freight rail industry.
On December 9, 2021, United States Steel Corporation, Norfolk Southern Corporation, and The Greenbrier Companies announced a partnership for a sustainable steel gondola railcar. Utilizing high-strength, lighter-weight steel, these gondolas will reduce unloaded weight by up to 15,000 pounds, extending their lifecycle to 50 years. Norfolk Southern plans to purchase 800 of these gondolas, which promise improved energy efficiency, lower emissions, and greater freight capacity. This collaboration aims to modernize North America's aging railcar fleet and promote environmentally friendly freight transportation.
United States Steel Corporation (NYSE: X) has announced the purchase of group annuity contracts from Banner Life Insurance and William Penn Life Insurance, transferring approximately $284 million of pension obligations. This move will affect around 17,800 U.S. retirees and ensure their benefits are managed by a highly rated provider. The company expects a non-cash pension settlement charge of about $110 million in Q4 2021. This transaction aims to strengthen U.S. Steel's balance sheet and continues its strategy of maintaining a fully funded pension plan.
United States Steel Corporation (NYSE: X) reported third quarter 2021 net earnings of $2.002 billion, or $6.97 per diluted share, a significant turnaround from a net loss of $234 million in the same period last year. Adjusted net earnings reached $1.543 billion, or $5.36 per diluted share. Total net sales were $5.964 billion, compared to $2.340 billion a year prior. The company announced a $300 million stock repurchase program along with a $0.05 quarterly dividend, emphasizing its confidence in long-term growth and shareholder returns.
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