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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.

News

U. S. Steel and DuPont Launch COASTALUME™ Product, North America's First GALVALUME® Solution Engineered and Warrantied for Coastal Environments

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U.S. Steel and DuPont launch COASTALUME™, a GALVALUME® material designed for coastal environments, combining durability and reliability. The product offers a maintenance-free roofing solution with a best-in-class warranty and a variety of color options.
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U. S. Steel Celebrates Launch of New Electrical Steel Line with Ribbon Cutting in Osceola, Arkansas

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U.S. Steel opens new electrical steel line at Big River Steel facility in Arkansas, marking a significant milestone for the company. The line has the capacity to produce more tons of NGO electrical steel per year in the U.S. than any other domestic steelmaker. The key product, InduX™, positions U.S. Steel as a crucial supplier for the expanding electric vehicle market.
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United States Steel Corporation to Release Third Quarter 2023 Financial Results on October 26, 2023; Invites Retail and Institutional Investors to Submit Questions

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United States Steel Corporation to release Q3 2023 financial results on October 26, 2023
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U. S. Steel’s Operations in Arkansas Generated $383.2 Million in Economic Impact

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United States Steel Corporation's operations in Arkansas contributed over $383.2 million to local and state economies in FY22, supporting or sustaining 1,747 jobs.
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NETL Collaborates with U. S. Steel to Capture Greenhouse Gas at Edgar Thomson Plant

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NETL and U.S. Steel plan to test advanced membrane technology for carbon capture at the Edgar Thomson Plant in Pennsylvania. The project aims to reduce CO2 emissions from steelmaking operations. If successful, this technology could have a significant impact on greenhouse gas reduction for the steel industry. U.S. Steel is committed to achieving net-zero emissions by 2050. The membrane-based carbon capture process offers potential cost savings and simplicity compared to other technologies. Lab-scale tests have shown positive results, leading to an expanded field test at the Edgar Thomson Plant. The project is scheduled to be installed in early 2025 and will run for approximately six months. Project funding was allocated by the DOE to support the United States' goals for a GHG-neutral economy by 2050.
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United States Steel Corporation Provides Third Quarter 2023 Guidance

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United States Steel Corporation expects Q3 2023 adjusted net earnings per diluted share of $1.10 to $1.15 and adjusted EBITDA of approximately $550 million. The company's operating segments are outperforming earlier estimates, contributing to healthy adjusted EBITDA. The temporary idling of blast furnace 'B' at Granite City Works will efficiently meet customer demand. The start-up of the non-grain oriented electrical steel line at Big River Steel continues as planned. The European segment's adjusted EBITDA is expected to be lower due to economic headwinds and seasonal slowdowns. The Tubular segment's adjusted EBITDA is expected to be lower as market prices and demand soften. The company expects to end the third quarter with approximately $3 billion in cash on hand and total liquidity exceeding $5 billion for the seventh consecutive quarter.
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U. S. Steel Featured on Tomorrow’s World Today®

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U.S. Steel to be featured on Tomorrow's World Today® for sustainable steel production methods, with a focus on steel for electric vehicles.
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Esmark, Inc. Respects History, Working Relationship and Position of USW. Therefore, Will Not Make a Bid for U.S. Steel

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Esmark, Inc. will not bid for U.S. Steel Corporation, respecting United Steelworkers' support for Cleveland Cliff's offer. Esmark remains open to evaluating opportunities in connection with the purchase process.
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Cleveland-Cliffs Receives Exclusive Assignment of Right to Bid from United Steelworkers

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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. Announces All-Cash Public Offer for U.S. Steel Shares

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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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FAQ

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.

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United States Steel Corporation

NYSE:X

X Rankings

#900 Ranked by Market Cap
#1987 Ranked by Dividends

X Stock Data

8.20B
221.57M
1.47%
84.51%
8.76%
Iron and Steel Mills and Ferroalloy Manufacturing
Manufacturing
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United States of America
PITTSBURGH