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) has signed a non-exclusive Memorandum of Understanding (MOU) with Equinor US Holdings Inc. to explore carbon capture and storage (CCS) and hydrogen development in Ohio, Pennsylvania, and West Virginia. This initiative aims at achieving net-zero carbon emissions by 2050, focusing on the potential for a hydrogen hub in the Mon Valley. The MOU outlines assessments of regional hydrogen and CCS viability, emphasizing the importance of natural gas coupled with CCS for decarbonization efforts.
United States Steel Corporation (NYSE: X) has forecasted a strong second quarter for 2021, estimating adjusted EBITDA of approximately $1.2 billion and an adjusted net income of $880 million. This marks a significant improvement compared to Q1, primarily due to rising steel prices and solid demand in flat-rolled steel. The company plans to redeem its 6.875% Senior Notes due 2025 for approximately $718 million. Positive trends in several segments, including Flat-rolled and Mini Mill, contribute to optimistic market outlooks for 2022.
United States Steel Corporation (NYSE: X) announced the redemption of its $718 million in 6.875% Senior Notes due 2025, with a total payment of approximately $730 million due to a redemption premium of 101.719%. This will be funded with cash on hand and is set for August 15, 2021. U. S. Steel is committed to strengthening its balance sheet, as emphasized by CEO David B. Burritt, highlighting operational performance and value unlocking through non-core asset sales.
United States Steel Corporation (NYSE: X) has agreed to sell Transtar, LLC to Fortress Transportation and Infrastructure Investors LLC for $640 million, expected to close in Q3 2021. This sale supports U. S. Steel's focus on core mining and steelmaking activities, unlocking immediate value for shareholders. Proceeds will enhance the balance sheet, including deleveraging. A 15-year contract will maintain operations at six railroads. The transaction emphasizes aligning operations under the Best for All strategy to further bolster growth and stability.
United States Steel Corporation (NYSE: X) has declared a $0.01 per share dividend, payable on June 9, 2021 to stockholders of record by May 10, 2021. Founded in 1901, the company is a major steel producer with an annual raw steelmaking capability of 26.2 million net tons. U. S. Steel employs a customer-centric strategy, focusing on innovation and sustainability, serving a diverse array of industries, including automotive and construction. Additionally, it operates the subsidiary Big River Steel, reinforcing its commitment to advanced steel production.
United States Steel Corporation (NYSE: X) reported a strong first quarter 2021, with net earnings of $91 million ($0.35 per diluted share), a significant recovery from a net loss of $391 million in Q1 2020. Adjusted net earnings reached $283 million ($1.08 per diluted share), driven by robust customer demand and contributions from the Big River Steel acquisition. Total net sales increased to $3.664 billion from $2.748 billion a year earlier. Adjusted EBITDA stood at $551 million, illustrating solid operational performance amidst rising steel prices.
United States Steel Corporation (NYSE: X) announced its membership in ResponsibleSteel, the first North American steel company to join this global initiative aimed at promoting sustainability in steel production. This membership aligns with U. S. Steel’s ESG commitments and its goal of achieving carbon neutrality by 2050. The CEO of ResponsibleSteel highlighted U. S. Steel's significant influence in driving responsible practices within the industry, as the company contributes to nearly 10% of global steel production. This collaboration aims to address the steel industry's impact on greenhouse gas emissions.
United States Steel Corporation (NYSE: X) has announced an ambitious goal of achieving net-zero carbon emissions by 2050. The company plans to leverage electric arc furnaces, carbon-free energy, and advanced technologies like carbon capture and sequestration to meet this target. U. S. Steel also aims to reduce greenhouse gas emissions intensity by 20% by 2030. As part of its sustainability strategy, U. S. Steel has launched the verdeX™ product line, producing advanced high-strength steels with significantly lower carbon emissions. The initiative reflects the company's commitment to climate change and sustainable steel production.
U. S. Steel Corporation (NYSE: X) will announce its first quarter 2021 financial results on April 29, 2021, post-market hours. A webcast is scheduled for April 30, 2021, at 8:30 a.m. EDT to discuss these results and provide updates, potentially including forward-looking statements. Key executives, including CEO David B. Burritt and CFO Christine S. Breves, will participate in the call. U. S. Steel, founded in 1901, operates with a focus on safety and innovation, producing high-value steel products across various industries.
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