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Newsroom Type: Press Release | January 06, 2025

Nippon Steel and U. S. Steel File Multiple Lawsuits in Response to Wrongful Interference with the Proposed Acquisition of U. S. Steel

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...

Newsroom Type: Press Release | January 03, 2025

Nippon Steel Corporation and U. S. Steel Condemn U.S. Government’s Unlawful Decision to Block Proposed Acquisition of U. S. Steel

Companies will take all appropriate action to protect their legal rights TOKYO & PITTSBURGH--(BUSINESS WIRE)-- 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...

Newsroom Type: In The News | January 03, 2025

Statement from David B. Burritt, U. S. Steel President and CEO, on Today’s Order by President Biden

January 3, 2025 - President Biden’s action today is shameful and corrupt. He gave a political payback to a union boss out of touch with his members while harming our company’s future, our workers, and our national security. He insulted Japan, a vital economic and national security ally, and put American competitiveness at risk. The Chinese Communist Party leaders in Beijing are dancing in the...

Newsroom Type: Press Release | January 02, 2025

U. S. Steel to Fund Training Center with Multi-Million-Dollar Grant Following Close of Transaction with Nippon Steel

Made possible with investment from Nippon Steel PITTSBURGH--(BUSINESS WIRE)-- 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...

Newsroom Type: Press Release YEAR: 2024 | December 23, 2024

U. S. Steel Statement on CFIUS Referring Decision on Pending Transaction with Nippon Steel to The President

We were notified by CFIUS that the Committee was unable to reach a consensus on the transaction between U. S. Steel and Nippon Steel Corporation and referred it to the President to make a decision. The President now has 15 days to act. The transaction between U. S. Steel and Nippon Steel enhances U.S. national and economic security through investment in manufacturing and innovation – by a...

Newsroom Type: In The News YEAR: 2024 | December 23, 2024

U. S. Steel Statement on CFIUS Referring Decision on Pending Transaction with Nippon Steel to The President

We were notified by CFIUS that the Committee was unable to reach a consensus on the transaction between U. S. Steel and Nippon Steel Corporation and referred it to the President to make a decision. The President now has 15 days to act. The transaction between U. S. Steel and Nippon Steel enhances U.S. national and economic security through investment in manufacturing and innovation – by a...

Newsroom Type: Press Release YEAR: 2024 | December 19, 2024

United States Steel Corporation Provides Fourth Quarter 2024 Guidance

PITTSBURGH--(BUSINESS WIRE)-- 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...

Newsroom Type: Press Release YEAR: 2024 | December 12, 2024

U. S. Steel Employees to Host Rally at Mon Valley Works Clairton Plant to Fight for their Futures in Support of Nippon Steel Transaction

Nippon Steel Has Committed to $5,000 Bonuses for U. S. Steel Employees Advocating for Transaction to be Approved on its Merits PITTSBURGH--(BUSINESS WIRE)-- 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...

Newsroom Type: Press Release YEAR: 2024 | December 05, 2024

U. S. Steel Reacts to Important Department of Commerce Preliminary Results

Oil country tubular goods from Argentina and Mexico were found to be dumped in the U.S. PITTSBURGH--(BUSINESS WIRE)-- 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...

YEAR: 2024 perspeXtives: Product Innovation Customer Spotlight Policy | November 26, 2024

U. S. Steel CEO Dave Burritt Discusses the Nippon Steel Transaction

CLICK HERE to watch the full interview! From Mon Valley Works’ Irvin Plant, U. S. Steel CEO Dave Burritt discusses how a transaction with Nippon Steel will help secure the future of U. S. Steel and strengthen American steelmaking and supply chains. Nippon Steel has committed to investing ~$2.7 billion in union-represented facilities, including more than $1 billion in Mon Valley...

Newsroom Type: Press Release YEAR: 2024 | October 31, 2024

United States Steel Corporation Declares Dividend

PITTSBURGH--(BUSINESS WIRE)-- 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...

Newsroom Type: Press Release YEAR: 2024 | October 31, 2024

United States Steel Corporation Reports Third Quarter 2024 Results

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. PITTSBURGH--(BUSINESS WIRE)-- United States Steel Corporation (NYSE: X) reported third quarter 2024 net earnings of $119 million, or $0.48 per diluted share....

Newsroom Type: Press Release YEAR: 2024 | October 17, 2024

U. S. Steel Featured in Episode of “Inside the Blueprint” Airing on Bloomberg TV

The episode will air on Saturday, October 19 at 5:00 pm ET. PITTSBURGH--(BUSINESS WIRE)-- United States Steel Corporation (NYSE: X) (“U. S. Steel”) is featured in “Inside the Blueprint,” an award-winning B2B TV series airing nationally on Bloomberg TV as independently-produced branded content. The series highlights groundbreaking innovations in commercial construction, design and...

Newsroom Type: Press Release YEAR: 2024 | October 09, 2024

United States Steel Corporation to Release Third Quarter 2024 Financial Results on October 31, 2024

PITTSBURGH--(BUSINESS WIRE)-- 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...

Newsroom Type: Press Release YEAR: 2024 | October 01, 2024

Nippon Steel Investment Would Generate Incremental Economic Impact of Nearly $1 Billion in Pennsylvania Beyond Base Investment

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 PITTSBURGH--(BUSINESS WIRE)-- 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...

Newsroom Type: Press Release YEAR: 2024 | September 25, 2024

Board of Arbitration Rules in Favor of U. S. Steel, Affirming Transaction with Nippon Steel

U. S. Steel has satisfied the successorship obligations in the Basic Labor Agreement (BLA) with the United Steelworkers (USW) All BLA issues between U. S. Steel and USW are now resolved No further action is necessary under the BLA for Nippon Steel to acquire U. S. Steel and assume all USW agreements in line with its commitments PITTSBURGH--(BUSINESS WIRE)-- United States Steel...

Newsroom Type: Press Release YEAR: 2024 | September 24, 2024

U. S. Steel Earns World’s First Ever Certification for ResponsibleSteel™ Certified Steel at its Big River Steel Operation

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. PITTSBURGH--(BUSINESS WIRE)-- 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...

Newsroom Type: Press Release YEAR: 2024 | September 19, 2024

United States Steel Corporation Provides Third Quarter 2024 Guidance

PITTSBURGH--(BUSINESS WIRE)-- United States Steel Corporation (NYSE: X) today provided third quarter 2024 adjusted net earnings per diluted share guidance of $0.44 to $0.48. Third quarter 2024 adjusted EBITDA is expected to be approximately $300 million. Commenting on third quarter guidance, President and Chief Executive Officer David B. Burritt said, “Adjusted EBITDA guidance of $300...

Newsroom Type: Press Release YEAR: 2024 | September 09, 2024

U. S. Steel Announces ZMAG™, A Superior Coated Steel Product Made to Tackle the Harshest Conditions

Leading Corrosion Resistance Will Bring Unprecedented Reliability and Durability to Solar, Automotive, Construction, and More PITTSBURGH--(BUSINESS WIRE)-- United States Steel Corporation (“U. S. Steel” or the “Company”) (NYSE: X) today announced the roll out of ZMAG™ coated steel, a revolutionary new carbon flat rolled coated steel product. Engineered to be stronger, more resilient,...

Newsroom Type: Press Release YEAR: 2024 | September 06, 2024

U. S. Steel, USW and Wheeling-Nippon File Trade Cases on Imports of Corrosion-Resistant Steel

PITTSBURGH--(BUSINESS WIRE)-- On September 5, 2024, U. S. Steel, along with the United Steelworkers union (“USW”) and Wheeling-Nippon, has filed antidumping and countervailing duty petitions with the United States Department of Commerce (“DOC”) and the United States International Trade Commission (“ITC”), on imports of corrosion-resistant steel (“CORE”) from Australia, Brazil, Canada1,...

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