United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through three segments: North American Flat-Rolled (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, strip mill plates, sheets and tin mill products, as well as all iron ore and coke. This segment serves customers in the service center, conversion, automotive, construction, container, and appliance and electrical markets. The USSE segment provides slabs, strip mill plate, sheet, tin mill products, and spiral welded pipes, as well as refractory ceramic materials. This segment serves customers in the construction, container, appliance and electrical, service center, conversion, oil, gas, and petrochemical markets. The Tubular segment offers seamless and electric resistance welded steel casing and tubing products, as well as standard and line pipe and mechanical tubing products primarily to customers in the oil, gas, and petrochemical markets. The company also provides railroad services and real estate operations. United States Steel Corporation was founded in 1901 and is headquartered in Pittsburgh, Pennsylvania.
IPO Year:
Exchange: NYSE
Website: ussteel.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/6/2025 | $35.00 | Neutral | BofA Securities |
| 9/9/2024 | $40.00 → $42.00 | Neutral → Overweight | JP Morgan |
| 9/6/2024 | $40.00 | Neutral → Outperform | Exane BNP Paribas |
| 6/26/2024 | $43.00 → $45.00 | Market Perform → Outperform | BMO Capital Markets |
| 5/20/2024 | $45.00 | Buy | Jefferies |
| 5/6/2024 | $51.00 → $48.00 | Equal-Weight → Overweight | Morgan Stanley |
| 4/9/2024 | $46.00 | Peer Perform → Outperform | Wolfe Research |
| 2/15/2024 | $40.00 → $51.00 | Overweight → Equal-Weight | Morgan Stanley |
| 2/9/2024 | $52.00 → $47.00 | Neutral | JP Morgan |
| 1/12/2024 | $52.00 | Neutral | JP Morgan |
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First lawsuit filed in U.S. Court of Appeals for the District of Columbia Circuit challenging violation of the Constitutional guarantee of due process and statutory procedural requirements, as well as unlawful political influence, and asking the court to set aside the CFIUS review process and President Biden's blocking order Second lawsuit filed in U.S. District Court for the Western District of Pennsylvania against Cleveland-Cliffs, Cliffs' CEO Lourenco Goncalves, and USW President David McCall for their illegal and coordinated actions aimed at preventing the transaction and attempting to undermine U. S. Steel's ability to compete and Nippon Steel's ability to provide American-made steel
Companies will take all appropriate action to protect their legal rights Nippon Steel Corporation ("Nippon Steel") (TSE: 5401) and United States Steel Corporation ("U. S. Steel") (NYSE:X) today issued the following statement on President Biden's decision to block their proposed transaction. We are dismayed by President Biden's decision to block Nippon Steel's acquisition of U. S. Steel, which reflects a clear violation of due process and the law governing CFIUS. Instead of abiding by the law, the process was manipulated to advance President Biden's political agenda. The President's statement and Order do not present any credible evidence of a national security issue, making clear that t
Made possible with investment from Nippon Steel U. S. Steel is pleased to announce that following the closing of its transaction with Nippon Steel, it plans to create a workforce training center with a multi-million dollar grant to support workforce development in Western Pennsylvania. This center will partner with local universities, colleges, trade schools and economic development organizations to help train the workforce of tomorrow. U. S. Steel is making this commitment to thank the local communities for supporting us as we pursue our transaction with Nippon Steel, and in recognition of the vital role our employees play to drive the local economy and the American steel industry. T
United States Steel Corporation (NYSE:X) today provided fourth quarter 2024 adjusted net earnings per diluted share guidance of ($0.29) to ($0.25). Fourth quarter 2024 adjusted EBITDA is expected to be approximately $150 million. "The fourth quarter marked a critical milestone towards our Best for All® future, as the team completed execution on over $4 billion of growth capital investments with first coil achieved at Big River 2 (BR2) on October 31, 2024 and shipments to customers beginning in December. Aligned with our commercial strategy, we look forward to further strengthening our resilient earnings with increasing free cash flow," commented U. S. Steel President and Chief Executive O
Nippon Steel Has Committed to $5,000 Bonuses for U. S. Steel Employees Advocating for Transaction to be Approved on its Merits Employees of United States Steel Corporation (NYSE:X) ("U. S. Steel") today will host a rally at the U. S. Steel Mon Valley Works Clairton Plant in support of the Nippon Steel transaction. Represented and non-represented employees, along with community members and local elected officials, will gather to reinforce their support for the transaction. They will again call on officials across the nation to recognize the significant benefits this transaction holds for employees and other stakeholders and to advocate for regulatory reviews to be focused on the merits o
Oil country tubular goods from Argentina and Mexico were found to be dumped in the U.S. United States Steel Corporation (NYSE:X) ("U. S. Steel") today reacted to the U.S. Department of Commerce's preliminary findings regarding oil country tubular goods (OCTG) from Argentina and Mexico. In its release, Commerce preliminarily found that Argentine OCTG produced/exported by Tenaris' Siderca S.A.I.C and Mexican OCTG produced/exported by Tenaris' Tubos de Acero de Mexico, S.A., continued to be dumped in the U.S. market at rates of 6.80% and 30.38%, respectively, during the 2022-2023 review period. U. S. Steel's SVP, General Counsel and Chief Ethics and Compliance Officer, Duane Holloway, said
United States Steel Corporation (NYSE:X) ("U. S. Steel") announced today that its Board of Directors declared a dividend of $0.05 per share of U. S. Steel Common Stock. The dividend is payable on Wednesday, December 11, 2024, to stockholders of record at the close of business on Monday, November 11, 2024. Founded in 1901, United States Steel Corporation is a leading steel producer. With an unwavering focus on safety, the Company's customer-centric Best for All® strategy is advancing a more secure, sustainable future for U. S. Steel and its stakeholders. With a renewed emphasis on innovation, U. S. Steel serves the automotive, construction, appliance, energy, containers, and packaging indus
Third quarter 2024 net earnings of $119 million, or $0.48 per diluted share. Third quarter 2024 adjusted net earnings of $140 million, or $0.56 per diluted share. Third quarter 2024 adjusted EBITDA of $319 million. United States Steel Corporation (NYSE:X) reported third quarter 2024 net earnings of $119 million, or $0.48 per diluted share. Adjusted net earnings was $140 million, or $0.56 per diluted share. This compares to third quarter 2023 net earnings of $299 million, or $1.20 per diluted share. Adjusted net earnings for the third quarter 2023 was $350 million, or $1.40 per diluted share. Commenting on the Company's third quarter performance, U. S. Steel President and Chief Exe
United States Steel Corporation (NYSE:X) ("U. S. Steel") today announced that it will release financial results for the third quarter 2024 on Thursday, October 31, 2024, following the close of trading on the New York Stock Exchange. As previously announced, on December 18, 2023, the company entered into a definitive merger agreement to be acquired by Nippon Steel Corporation. In light of the pending transaction, the company will not hold an earnings conference call. Instead, the company's earnings release, presentation, and segment and financial operational data will be issued concurrently. To access the materials, visit the company's website at www.ussteel.com and click "Investors." Fina
Study finds that upgrade of U. S. Steel's Mon Valley Works facilities would lead to nearly 5,000 construction jobs and $38 million in taxes United States Steel Corporation (NYSE:X) ("U. S. Steel") released a new economic impact analysis today, conducted by Parker Strategy Group, that assesses how the proposed $1 billion investment committed by Nippon Steel Corporation ("Nippon Steel") to modernize U. S. Steel's Mon Valley Works following the closing of the pending merger with U. S. Steel would generate a significant economic impact in Pennsylvania. For the purposes of the study, construction ($600 million) and equipment costs ($400 million) are separated and it is assumed that $600 millio
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Nippon Steel Has Committed to $5,000 Bonuses for U. S. Steel Employees Advocating for Transaction to be Approved on its Merits Employees of United States Steel Corporation (NYSE:X) ("U. S. Steel") today will host a rally at the U. S. Steel Mon Valley Works Clairton Plant in support of the Nippon Steel transaction. Represented and non-represented employees, along with community members and local elected officials, will gather to reinforce their support for the transaction. They will again call on officials across the nation to recognize the significant benefits this transaction holds for employees and other stakeholders and to advocate for regulatory reviews to be focused on the merits o
U. S. Steel's Big River Steel, located in Osceola, Arkansas, passed a rigorous set of standards in environmental, social, and governance categories that raise the bar for sustainability across the steel supply chain. United States Steel Corporation (NYSE:X) ("U. S. Steel") today announced it is the first steel company in the world to qualify to sell its products as ResponsibleSteel Certified Steel at its Big River facility in Osceola, Arkansas. Big River received the first ResponsibleSteel Site Certification in North America in 2022 and is once again at the forefront of innovation by achieving certification for sustainably sourced and manufactured steel. This press release features multime
United States Steel Corporation (NYSE:X) ("U. S. Steel") today announced the appointment of Emily Chieng as Investor Relations Officer, effective September 2023. She succeeds Kevin Lewis who was appointed Vice President, Finance in December 2022. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230801604874/en/Emily Chieng (Photo: Business Wire) In her role, Chieng will focus on enhancing understanding and awareness of the company's Best for All® strategy by facilitating communications between current and prospective investors, the company's senior leadership team and the broader financial community. She will report to Lewis. "A
United States Steel Corporation (NYSE:X) ("U. S. Steel") announced the appointment of two new executive leaders, Christian Gianni as Senior Vice President & Chief Technology Officer (CTO) and John Gordon as Senior Vice President, Raw Materials & Sustainable Resources. Mr. Gianni and Mr. Gordon report directly to David B. Burritt, President and Chief Executive Officer, as members of the Company's executive management team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221221005632/en/Christian Gianni (Photo: Business Wire) These appointments will help accelerate U. S. Steel's Best for All® strategy and our ability to deliver high
PPG (NYSE:PPG) today announced that Tim Knavish, chief operating officer, has been named president and chief executive officer (CEO), effective Jan. 1, 2023. Knavish will join the company's Board of Directors, effective October 20, 2022. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221019005827/en/Tim Knavish has been named PPG president and chief executive officer (CEO), effective Jan. 1, 2023. Knavish will join the company's Board of Directors, effective October 20, 2022. (Photo: Business Wire) Knavish, 57, who has served as PPG's chief operating officer since March, will succeed Chairman and CEO Michael McGarry, 64, in the r
United States Steel Corporation (NYSE:X) ("U. S. Steel") announced today the appointment of Jessica T. Graziano as Senior Vice President and Chief Financial Officer, effective August 8, 2022. Ms. Graziano will report directly to David B. Burritt, President and Chief Executive Officer, and have responsibility for all aspects of finance, including financial planning and analysis, corporate accounting, tax, treasury, pension investments and investor relations. She will also be instrumental in advancing the company's Best for All® strategy of providing profitable steel solutions for people and planet. This press release features multimedia. View the full release here: https://www.businesswire.c
Texas Pacific Land Corporation (NYSE:TPL) ("TPL" or the "Company") today announced the appointment of two new members to TPL's board of directors (the "Board") and provided an update on the evaluation of the declassification of the Board. Appointment of new Directors to the Board The Board has appointed Rhys J. Best and Karl F. Kurz as directors, effective April 15, 2022. In connection with these appointments, the Board increased its size to ten (10) directors. Each of Mr. Kurz, who will serve the remainder of the board term vacated by Dana McGinnis in March, and Mr. Best, who will stand for re-election at the 2022 annual meeting of stockholders, each will bring decades of corporate leade
PITTSBURGH--(BUSINESS WIRE)--Today, United States Steel Corporation (NYSE: X) President and Chief Executive Officer David B. Burritt announced the appointment of Scott M. Dorn as Interim Head of Tubular Solutions. Dorn assumes responsibility for all aspects of the Tubular business from Douglas R. Matthews, Senior Vice President Tubular Solutions, who will retire in January. Of the new role, Burritt said, “Scott’s vast experience and deep understanding of the business position him well to lead U. S. Steel’s Tubular organization. We expect this to be a seamless transition and are enthused about continuing to serve our customers with the superior solutions that allow our customers t
BofA Securities resumed coverage of U.S. Steel with a rating of Neutral and set a new price target of $35.00
JP Morgan upgraded U.S. Steel from Neutral to Overweight and set a new price target of $42.00 from $40.00 previously
Exane BNP Paribas upgraded U.S. Steel from Neutral to Outperform and set a new price target of $40.00
BMO Capital Markets upgraded U.S. Steel from Market Perform to Outperform and set a new price target of $45.00 from $43.00 previously
Jefferies initiated coverage of U.S. Steel with a rating of Buy and set a new price target of $45.00
Morgan Stanley upgraded U.S. Steel from Equal-Weight to Overweight and set a new price target of $48.00 from $51.00 previously
Wolfe Research upgraded U.S. Steel from Peer Perform to Outperform and set a new price target of $46.00
Morgan Stanley downgraded U.S. Steel from Overweight to Equal-Weight and set a new price target of $51.00 from $40.00 previously
JP Morgan resumed coverage of U.S. Steel with a rating of Neutral and set a new price target of $47.00 from $52.00 previously
JP Morgan resumed coverage of U.S. Steel with a rating of Neutral and set a new price target of $52.00
United States Steel Corporation (NYSE:X) ("U. S. Steel") announced today that its Board of Directors declared a dividend of $0.05 per share of U. S. Steel Common Stock. The dividend is payable on Wednesday, December 11, 2024, to stockholders of record at the close of business on Monday, November 11, 2024. Founded in 1901, United States Steel Corporation is a leading steel producer. With an unwavering focus on safety, the Company's customer-centric Best for All® strategy is advancing a more secure, sustainable future for U. S. Steel and its stakeholders. With a renewed emphasis on innovation, U. S. Steel serves the automotive, construction, appliance, energy, containers, and packaging indus
Third quarter 2024 net earnings of $119 million, or $0.48 per diluted share. Third quarter 2024 adjusted net earnings of $140 million, or $0.56 per diluted share. Third quarter 2024 adjusted EBITDA of $319 million. United States Steel Corporation (NYSE:X) reported third quarter 2024 net earnings of $119 million, or $0.48 per diluted share. Adjusted net earnings was $140 million, or $0.56 per diluted share. This compares to third quarter 2023 net earnings of $299 million, or $1.20 per diluted share. Adjusted net earnings for the third quarter 2023 was $350 million, or $1.40 per diluted share. Commenting on the Company's third quarter performance, U. S. Steel President and Chief Exe
United States Steel Corporation (NYSE:X) ("U. S. Steel") today announced that it will release financial results for the third quarter 2024 on Thursday, October 31, 2024, following the close of trading on the New York Stock Exchange. As previously announced, on December 18, 2023, the company entered into a definitive merger agreement to be acquired by Nippon Steel Corporation. In light of the pending transaction, the company will not hold an earnings conference call. Instead, the company's earnings release, presentation, and segment and financial operational data will be issued concurrently. To access the materials, visit the company's website at www.ussteel.com and click "Investors." Fina
United States Steel Corporation (NYSE:X) ("U. S. Steel") announced today that its Board of Directors declared a dividend of $0.05 per share of U. S. Steel Common Stock. The dividend is payable on Wednesday, September 11, 2024, to stockholders of record at the close of business on Monday, August 12, 2024. Founded in 1901, United States Steel Corporation is a leading steel producer. With an unwavering focus on safety, the Company's customer-centric Best for All® strategy is advancing a more secure, sustainable future for U. S. Steel and its stakeholders. With a renewed emphasis on innovation, U. S. Steel serves the automotive, construction, appliance, energy, containers, and packaging indus
Second quarter 2024 net earnings of $183 million, or $0.72 per diluted share. Second quarter 2024 adjusted net earnings of $211 million, or $0.84 per diluted share. Second quarter 2024 adjusted EBITDA of $443 million. United States Steel Corporation (NYSE:X) reported second quarter 2024 net earnings of $183 million, or $0.72 per diluted share. Adjusted net earnings was $211 million, or $0.84 per diluted share. This compares to second quarter 2023 net earnings of $477 million, or $1.89 per diluted share. Adjusted net earnings for the second quarter 2023 was $483 million, or $1.92 per diluted share. Commenting on the Company's second quarter performance, U. S. Steel President and
United States Steel Corporation (NYSE:X) ("U. S. Steel") today announced that it will release financial results for the second quarter 2024 on Thursday, August 1, 2024, following the close of trading on the New York Stock Exchange. As previously announced, on December 18, 2023, the company entered into a definitive merger agreement to be acquired by Nippon Steel Corporation. In light of the pending transaction, the company will not hold an earnings conference call. Instead, the company's earnings release, presentation, and segment and financial operational data will be issued concurrently. To access the materials, visit the company's website at www.ussteel.com and click "Investors." Fin
United States Steel Corporation (NYSE:X) ("U. S. Steel") announced today that its Board of Directors declared a dividend of $0.05 per share of U. S. Steel Common Stock. The dividend is payable on Wednesday, June 12, 2024, to stockholders of record at the close of business on Monday, May 13, 2024. Founded in 1901, United States Steel Corporation is a leading steel producer. With an unwavering focus on safety, the Company's customer-centric Best for All® strategy is advancing a more secure, sustainable future for U. S. Steel and its stakeholders. With a renewed emphasis on innovation, U. S. Steel serves the automotive, construction, appliance, energy, containers, and packaging industries wi
First quarter 2024 net earnings of $171 million, or $0.68 per diluted share. First quarter 2024 adjusted net earnings of $206 million, or $0.82 per diluted share. Includes an approximately $0.04 per diluted share unfavorable inventory impact versus our March 18 adjusted net earnings per diluted share guidance of between $0.80 and $0.84 per diluted share. First quarter 2024 adjusted EBITDA of $414 million. Includes an approximately $10 million unfavorable inventory impact versus our March 18 adjusted EBITDA guidance of approximately $425 million. United States Steel Corporation (NYSE:X) reported first quarter 2024 net earnings of $171 million, or $0.68 per diluted share. Adjusted n
United States Steel Corporation (NYSE:X) ("U. S. Steel") today announced that it will release financial results for the first quarter 2024 on Thursday, May 2, 2024, following the close of trading on the New York Stock Exchange. As previously announced, on December 18, 2023, the company entered into a definitive merger agreement to be acquired by Nippon Steel Corporation. In light of the pending transaction, the company will not hold an earnings conference call. Instead, our earnings release, presentation, and segment and financial operational data will be issued concurrently. To access the materials, visit the company's website at www.ussteel.com and click "Investors." Financial informa
United States Steel Corporation (NYSE:X) ("U. S. Steel") announced today that its Board of Directors declared a dividend of $0.05 per share of U. S. Steel Common Stock. The dividend is payable on Wednesday, March 13, 2024, to stockholders of record at the close of business on Monday, February 12, 2024. Founded in 1901, United States Steel Corporation is a leading steel producer. With an unwavering focus on safety, the Company's customer-centric Best for All® strategy is advancing a more secure, sustainable future for U. S. Steel and its stakeholders. With a renewed emphasis on innovation, U. S. Steel serves the automotive, construction, appliance, energy, containers, and packaging industr