Formerly | USX Corporation (1986–2001) |
---|---|
Company type | Public |
NYSE: X S&P 400 Component | |
Industry | Steel Industrial manufacturing |
Founded | March 2, 1901Carnegie Steel with Federal Steel Company & the National Steel Company | by merger of
Founders | |
Headquarters | U.S. Steel Tower, Pittsburgh, Pennsylvania , United States |
Area served | Worldwide |
Key people | |
Products | Flat-rolled steel Tubular steel Iron ore |
Revenue | US$18.053 billion (2023)[6] |
US$799 million (2023)[6] | |
US$895 million (2023)[6] | |
Total assets | US$20.451 billion (2023)[6] |
Total equity | US$11 million (2023)[6] |
Number of employees | 21,803 (2023)[6] |
Website | ussteel.com |
The United States Steel Corporation is an American steel company based in Pittsburgh, Pennsylvania, with production facilities 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.
Though renamed USX Corporation in 1986, the company was renamed United States 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 $14.1 billion, pending approval from regulators and shareholders. The deal, announced in mid-December 2023, would retain U.S. Steel's name and headquarters in Pittsburgh. It was opposed by the United Steelworkers,[8] the Trump campaign,[9] and the Biden administration.[10][11] As of December 2024[update], both the current Biden administration and the incoming Trump administration have pledged to block the proposed acquisition.[12][13] In January 2025, the Biden administration formally blocked the purchase.[14]
[Henry Clay] Frick had also been one of the founding directors of U.S. Steel, and he remained closely associated with that company...
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