U.S. Steel

United States Steel Corporation
FormerlyUSX Corporation (1986–2001)
Company typePublic
IndustrySteel
Industrial manufacturing
FoundedMarch 2, 1901 (1901-03-02) by merger of Carnegie Steel with Federal Steel Company & the National Steel Company
Founders
HeadquartersU.S. Steel Tower,
Pittsburgh, Pennsylvania
,
United States
Area served
Worldwide
Key people
ProductsFlat-rolled steel
Tubular steel
Iron ore
RevenueDecrease US$15.6 billion (2024)[6]
Decrease US$240 million (2024)[6]
Decrease US$384 million (2024)[6]
Total assetsDecrease US$20.2 billion (2024)[6]
Total equityIncrease US$11.3 billion (2024)[6]
Number of employees
22,053 (2024)[6]
Websiteussteel.com

The United States Steel Corporation is an American steel company based in Pittsburgh, Pennsylvania. It maintains production facilities at several additional locations in the U.S. and Central Europe.

The company produces and sells steel products, including flat-rolled and tubular products for customers in industries across automotive, construction, consumer, electrical, industrial equipment, distribution, and energy. Operations also include iron ore and coke production facilities.[7]

U.S. Steel ranked eighth among global steel producers in 2008 and 24th by 2022, remaining the second-largest in the U.S. behind Nucor. Renamed USX Corporation in 1986, the company assumed its current name, U.S. Steel, in 2001, after spinning off its energy business, including Marathon Oil, and other assets, from its core steel concern.

Nippon Steel, Japan's largest steel producer, announced plans to acquire U.S. Steel for $14.9 billion (or $55 per share), pending approval from regulators and shareholders. The deal, announced in mid-December 2023, retained U.S. Steel's name and headquarters in Pittsburgh. The planned acquisition was opposed by the United Steelworkers,[8] the Trump presidential campaign,[9] and the Biden administration.[10][11] In January 2025, the Biden administration formally blocked the purchase.[12] U.S. Steel and Nippon Steel then filed a lawsuit against the Biden administration for blocking the merger, alleging that the block was unlawful and politically motivated.[13]

  1. ^ Vivian 2020, p. 24.
  2. ^ Warren 1996, p. 298.
  3. ^ Churella, Albert J. (2012). The Pennsylvania Railroad, Volume 1: Building an Empire, 1846–1917. Philadelphia, Pennsylvania: University of Pennsylvania Press. p. 570. ISBN 978-0-8122-4348-2. [Henry Clay] Frick had also been one of the founding directors of U.S. Steel, and he remained closely associated with that company...
  4. ^ Chernow 1999, pp. 389–391.
  5. ^ Chernow 1999, p. 393.
  6. ^ a b c d e f "2024 Annual Report (Form 10-K)". January 31, 2025. Retrieved January 31, 2025.
  7. ^ "United States Steel Corp, X:NYQ profile - FT.com". markets.ft.com. Retrieved 2023-07-05.
  8. ^ Cite error: The named reference uswopposes was invoked but never defined (see the help page).
  9. ^ Cite error: The named reference :0 was invoked but never defined (see the help page).
  10. ^ Duehren, Andrew; Tita, Bob (March 14, 2024). "Biden Opposition to Takeover of U.S. Steel Comes After Months of Lobbying". Wall Street Journal. Retrieved March 15, 2024.
  11. ^ Cite error: The named reference mccallstates was invoked but never defined (see the help page).
  12. ^ Sherman, Natalie (January 3, 2025). "Biden blocks Japan's Nippon Steel from buying US Steel". BBC News. Retrieved January 3, 2025.
  13. ^ Cite error: The named reference alper was invoked but never defined (see the help page).


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