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Newsroom Type: Press Release YEAR: 2020 | December 23, 2020
PITTSBURGH--(BUSINESS WIRE)-- United States Steel Corporation (NYSE: X) today announced it has closed on the sale of its non-core real estate asset, the Keystone Industrial Port Complex (KIPC), in Fairless Hills, Pennsylvania. Under the terms of the sale, the Company received approximately $160 million in cash. “This non-core asset sale delivers on our strategic commitment to extract...
Newsroom Type: Press Release YEAR: 2020 | December 17, 2020
PITTSBURGH--(BUSINESS WIRE)-- United States Steel Corporation (NYSE: X) today provided fourth quarter 2020 guidance. Fourth quarter 2020 adjusted EBITDA is expected to be approximately $55 million. The Company expects fourth quarter 2020 adjusted diluted loss per share to be approximately ($0.85). “Flat-rolled customer demand in the U.S. and Europe has improved throughout the fourth quarter,...
Newsroom Type: Press Release YEAR: 2020 | December 08, 2020
Completes strategic investment in North America’s most advanced flat-rolled mini mill Creates North America’s only customer-centric “Best of Both” steelmaker to combine world-competitive integrated and mini mill technologies Combines industry-leading Generation 3 advanced high-strength steel product know-how with efficient, low-cost mini mill production process Provides unique customer...
Newsroom Type: Press Release YEAR: 2020 | November 24, 2020
U. S. Steel Closes on Green Bonds to Finance Low-Emission, Low-Carbon Electric Arc Furnace in Alabama
PITTSBURGH--(BUSINESS WIRE)--United States Steel Corporation (NYSE: X) today announced the closing of $63.4 million of Environmental Improvement Revenue Bonds with a green bond designation. The company will use proceeds from the green bonds to partially fund work related to its new environmentally preferred, low-emission electric arc furnace at U. S. Steel’s Fairfield Works. “Our first green...
Newsroom Type: In The News YEAR: 2020 | October 30, 2020
One year ago, U. S. Steel took a big and important step toward our “Best of Both” future. A future where the best of both integrated and mini-mill technology and talent deliver the high-quality, value-added, innovative and sustainable steel solutions our customers need to make their customers’ lives safer, easier and better.