About the Company
United States Steel Corporation, more commonly known as U.S. Steel, is an American integrated steel producer headquartered in Pittsburgh, Pennsylvania, with production operations primarily in the United States of America and in 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. It was the eighth-largest steel producer in the world in 2008. By 2022, the company was the world's 24th-largest steel producer and the second-largest in the United States behind Nucor Corporation. 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. Pending regulatory and shareholder approval, US Steel is set to be acquired by Nippon Steel, Japan's largest steel producing company, for US$14.1 billion. The deal, announced in mid-December 2023, retains US Steel's name and headquarters in Pittsburgh. However, the Biden Administration would oppose Nippon Steel's bid to acquire U.S. Steel by March 2024; the proposed acquisition was also opposed by the United Steelworkers.
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Latest $X News
Cliffs CEO Still Keen on US Steel as Doubts Linger on Nippon Deal
Cleveland-Cliffs Inc. still wants to buy United States Steel Corp. or some of its assets if US authorities block Nippon Steel ...
Pining for Pennsylvania: How US Steel acquisition could cost Biden in 2024 election
Western Pennsylvania is a key region maybe turn the tide of the 2024 election in November. It may come down to how Biden ...
Cleveland-Cliffs CEO still wants to buy US Steel - Bloomberg
Cleveland-Cliffs ( NYSE: CLF) CEO is still interested in acquiring U.S. Steel ( NYSE: X) or some of its assets if the US ...
Cliffs CEO Blasts US Steel Deal for Lacking Union Support
Cleveland-Cliffs Inc.’s top executives don’t see any takeover of United States Steel Corp. going ahead without the full ...
United States Steel (X) Earnings Expected to Grow: Should You Buy?
United States Steel (X) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook ...
Why the Market Dipped But United States Steel (X) Gained Today
In the closing of the recent trading day, United States Steel (X) stood at $37.17, denoting a +1.56% change from the preceding trading day.
If US Steel's Nippon Steel deal is blocked, Cleveland-Cliffs CEO says he's still interested
Cliffs told Pittsburgh's Action News 4 that he and his company would still be interested in buying U.S. Steel if the deal for ...
Opposition Growing to Japanese Takeover of United States Steel, Even as Shareholders Approve Sale
The optics of selling to Japan a company that symbolizes America's work ethic and grit are likely to prevent the transaction ...
US Steel’s shareholders just voted to end more than a century of American ownership. It may not matter
US Steel shareholders Friday overwhelmingly approved a deal for the iconic American manufacturer to be purchased by Japan’s ...
Should You Invest in United States Steel Corp. (X) Now?
United States Steel Corp. (NYSE: X) has a higher price-to-earnings ratio of 11.57x compared to its average ratio, The 36-month beta value for X is at 2.04. Analysts have varying views on the stock, ...
Steel company invests $10M, creates jobs to expand Hardeeville operations
A structural steel fabrication and erection company in Jasper County will expand its operations with a $10 million investment ...
Steel Company, Transformer Makers in Talks About West Virginia Plant
A West Virginia tinplate plant recently idled by steel manufacturer Cleveland-Cliffs Inc. could be revived as a hub for ...
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