U. S. Steel CEO Dave Burritt Discusses the Nippon Steel Transaction
by Jim Bruno, Senior VP
November 26, 2024
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 Works near Pittsburgh, while maintaining U. S. Steel’s headquarters in the Steel City. Dave highlighted that Nippon Steel is the only partner both willing and able to make the necessary investments to strengthen and grow U. S. Steel.
Want to learn more about the deal? Tune in to Steel Stories by U. S. Steel Podcast

Host David Kirkpatrick invites CEO Dave Burritt and Representative Director and Vice Chairman Takahiro Mori to talk about the strategic alliance between U. S. Steel and Nippon Steel. Find out how this pending partnership is set to reshape the industry and secure a brighter future for all.
Listen in on your favorite podcast platform, including: Apple Podcast and Spotify.
About the author
James E. Bruno is Senior Vice President of Business Development at U. S. Steel and President of U. S. Steel Slovakia. He leads the company's commercial, IT, and European operations.
Forward-Looking Statements:
This webpage
contains information that may constitute "forward-looking
statements" within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. We intend the
forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements in those sections.
Generally, we have identified such forward-looking
statements by using the words "believe," "expect," "intend,"
"estimate," "anticipate," "project," "target," "forecast,"
"aim," "should," "will," "may" and similar expressions or by
using future dates in connection with any discussion of,
among other things, the construction or operation of new or
existing facilities or operating capabilities, the timing,
size and form of share repurchase transactions, operating or
financial performance, trends, events or developments that
we expect or anticipate will occur in the future, statements
relating to volume changes, share of sales and earnings per
share changes, anticipated cost savings, potential capital
and operational cash improvements, changes in the global
economic environment, including supply and demand
conditions, inflation, interest rates, supply chain
disruptions and changes in prices for our products,
international trade duties and other aspects of
international trade policy, statements regarding our future
strategies, products and innovations, statements regarding
our greenhouse gas emissions reduction goals, statements
regarding existing or new regulations and statements
expressing general views about future operating results.
However, the absence of these words or similar expressions
does not mean that a statement is not forward-looking.
Forward-looking statements are not historical facts, but
instead represent only the Company's beliefs regarding
future events, many of which, by their nature, are
inherently uncertain and outside of the Company's control.
It is possible that the Company's actual results may differ,
possibly materially, from the anticipated results indicated
in these forward-looking statements. Management believes
that these forward-looking statements are reasonable as of
the time made. However, caution should be taken not to place
undue reliance on any such forward-looking statements
because such statements speak only as of the date when made.
Our Company undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result
of new information, future events or otherwise, except as
required by law. In addition, forward-looking statements are
subject to certain risks and uncertainties that could cause
actual results to differ materially from our Company's
historical experience and our present expectations or
projections. These risks and uncertainties include, but are
not limited to, the risks and uncertainties described on
this webpage and in "Item 1A. Risk Factors" in our Annual
Report on Form 10-K and those described from time to time in
our reports filed with the Securities and Exchange
Commission.