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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.
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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.
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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 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.
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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.
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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%.
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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.
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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.
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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.
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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.
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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
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United States Steel Corporation
NYSE:X
X Rankings
X Stock Data
8.20B
221.57M
1.47%
84.51%
8.76%
Iron and Steel Mills and Ferroalloy Manufacturing
Manufacturing
United States of America
PITTSBURGH
About X
united states steel corporation, headquartered in pittsburgh, pa., is an integrated steel producer with major production operations in the united states and central europe and an annual raw steelmaking capability of 24.4 million net tons. the company manufactures a wide range of value-added steel sheet and tubular products for the automotive, appliance, container, industrial machinery, construction, and oil and gas industries. u. s. steel’s operations are efficient and high tech, and the company’s customer focus is intense. u. s. steel has been making steel for more than 110 years, always with an eye toward cost-effectively serving customer needs. companies that want to be competitive in an increasingly global marketplace must have a global outlook and presence. u. s. steel continually looks for opportunities to strengthen the company’s existing presence in the global arena and strives to meet and set world-class standards in everything it does. at u. s. steel, our strength is our peop