U.S. Steel
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.
| Company type | Public |
|---|---|
| NYSE: X S&P 400 Component | |
| Industry | Steel |
| Founded | March 2, 1901 by merger of Carnegie Steel with Federal Steel Company & the National Steel Company |
| Founders | Andrew Carnegie Elbert Gary William Moore J. P. Morgan |
| Headquarters | U.S. Steel Tower Pittsburgh, Pennsylvania, US |
Area served | Worldwide |
Key people |
|
| Products | Flat-rolled steel Tubular steel Iron ore |
| Revenue | US$18.053 billion (2023) |
| US$799 billion (2023) | |
| US$895 billion (2023) | |
| Total assets | US$20.451 billion (2023) |
| Total equity | US$11.047 billion (2023) |
Number of employees | 21,803 (2023) |
| Website | USSteel.com |
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.