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Newsroom Type: Press Release YEAR: 2021 | February 08, 2021

United States Steel Corporation Announces Pricing of Upsized Senior Notes Offering

PITTSBURGH--(BUSINESS WIRE)-- United States Steel Corporation (NYSE: X) (the “company” or “U. S. Steel”) today announced the pricing of its upsized $750 million aggregate principal amount of 6.875% senior notes due 2029 (the “Notes”). The size of the offering was upsized from $500 million to $750 million aggregate principal amount of Notes. The Notes will be issued at a price equal to 100% of...

Newsroom Type: Press Release YEAR: 2021 | February 08, 2021

United States Steel Corporation Announces Senior Notes Offering

PITTSBURGH--(BUSINESS WIRE)-- United States Steel Corporation (NYSE: X) (the “company” or “U. S. Steel”) today announced its intention to offer, subject to market and other conditions, $500 million aggregate principal amount of senior notes due 2029 (the “Notes”). On February 2, 2021, U. S. Steel issued a notice of redemption to redeem 35% or approximately $370 million aggregate principal...

Newsroom Type: Press Release YEAR: 2021 | February 02, 2021

United States Steel Corporation Announces Pricing of Upsized Common Stock Offering

PITTSBURGH--(BUSINESS WIRE)-- United States Steel Corporation (NYSE: X) (the “company” or “U. S. Steel”) announced today the pricing of its upsized underwritten public offering of 42,000,000 shares of common stock, for gross proceeds of approximately $699 million. The size of the offering was upsized from 40,000,000 shares to 42,000,000 shares. The company has granted the underwriter a 30-day...

Newsroom Type: Press Release YEAR: 2021 | February 02, 2021

United States Steel Corporation Announces Common Stock Offering

PITTSBURGH--(BUSINESS WIRE)-- United States Steel Corporation (NYSE: X) (the “company” or “U. S. Steel”) announced today that it has commenced an underwritten public offering of 40,000,000 shares of common stock. U. S. Steel intends to grant the underwriter a 30-day option to purchase up to 6,000,000 additional shares of common stock from the company. U. S. Steel intends to use the net...

Newsroom Type: Press Release YEAR: 2021 | January 28, 2021

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 $0.01 per share of U. S. Steel Common Stock. The dividend is payable on Tuesday, March 9, 2021 to stockholders of record at the close of business on Monday, February 8, 2021. Founded in 1901, the United States Steel Corporation is a Fortune...

Newsroom Type: Press Release YEAR: 2021 | January 28, 2021

United States Steel Corporation Reports Fourth Quarter and Full-Year 2020 Results

Fourth quarter 2020 net earnings of $49 million, or $0.22 per diluted share; full-year 2020 net loss of $1,165 million, or $5.92 per diluted share. Fourth quarter 2020 adjusted net loss of $60 million, or $0.27 per diluted share; full-year 2020 adjusted net loss of $920 million, or $4.67 per diluted share. Fourth quarter 2020 adjusted EBITDA of $87 million; full-year 2020 adjusted EBITDA...

Newsroom Type: Press Release YEAR: 2021 | January 27, 2021

U. S. Steel Names Scott Dorn Interim Head of Tubular Solutions

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,...

Newsroom Type: Press Release YEAR: 2021 | January 15, 2021

United States Steel Corporation Completes Big River Steel Acquisition

Enables profitable growth through sustainable production of the most advanced high strength steels from the only LEED-certified steel mill Creates North America’s only customer-centric “Best of Both” steelmaker, combining world-competitive integrated and mini mill technologies to improve through-cycle stockholder returns Aligns superior workforce around more innovative and...

Newsroom Type: Press Release YEAR: 2021 | January 13, 2021

U. S. Steel Conference Call Available on Company Website

PITTSBURGH--(BUSINESS WIRE)-- United States Steel Corporation (NYSE: X) announced today that interested stockholders, investors, and others may listen to the company’s fourth quarter and full year 2020 conference call with securities analysts on Friday, January 29 at 8:30 a.m. EST. The call, which will be available via the U. S. Steel website, will cover fourth quarter and full year 2020...

Newsroom Type: Press Release YEAR: 2021 | January 12, 2021

Study: 2020 Local Ambient Air Pollution Concentrations Fell Sharply as Vehicle Traffic Shrank & Clairton Plant Operations Held Steady

PITTSBURGH--(BUSINESS WIRE)-- A study analyzing area traffic and ambient air quality data from an air quality monitoring station near U. S. Steel’s Mon Valley Works found that there was a 40% decrease in particulate matter (PM2.5) ambient air concentrations when comparingreadings from before and after the COVID-19 stay-at-home order in Spring 2020. In the study, environmental consulting firm...

Newsroom Type: Press Release YEAR: 2020 | December 23, 2020

United States Steel Corporation Sells $160 Million Keystone Industrial Port Complex

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

United States Steel Corporation Provides Fourth Quarter 2020 Guidance

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

United States Steel Corporation to Acquire Remaining Equity Of Big River Steel

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

Celebrating the first anniversary of our Big River Steel investment

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.

Newsroom Type: Press Release YEAR: 2020 | October 29, 2020

United States Steel Corporation Declares Dividend

PITTSBURGH--(BUSINESS WIRE)-- United States Steel Corporation (NYSE: X) announced today that its Board of Directors declared a dividend of $0.01 per share on U. S. Steel Common Stock. The dividend is payable Thursday, December 10, 2020 to stockholders of record at the close of business Monday, November 9, 2020. Founded in 1901, the United States Steel Corporation is a Fortune 250 company and...

Newsroom Type: Press Release YEAR: 2020 | October 29, 2020

United States Steel Corporation Reports Third Quarter 2020 Results

Net loss of $234 million, or $1.06 per diluted share Adjusted net loss of $268 million, or $1.21 per diluted share Adjusted EBITDA of $(49) million Liquidity of $2.864 billion, including cash of $1.696 billion PITTSBURGH--(BUSINESS WIRE)-- United States Steel Corporation (NYSE: X) reported third quarter 2020 net loss of $234 million, or $1.06 per diluted share. Adjusted net loss was...

Newsroom Type: Press Release YEAR: 2020 | October 26, 2020

U. S. Steel Announces Successful Start-Up of New Electric Arc Furnace at Its Alabama Facility

PITTSBURGH--(BUSINESS WIRE)-- Today, U. S. Steel announced the successful start-up of its newly constructed, technologically advanced electric arc furnace (EAF) steelmaking facility at its Fairfield, Alabama, operations. The EAF start-up is the latest milestone providing customer value through the company’s “Best of Both” integrated and mini-mill technology strategy. Commenting on the...

Newsroom Type: Press Release YEAR: 2020 | October 12, 2020

U. S. Steel Conference Call Available on Company Website

PITTSBURGH--(BUSINESS WIRE)-- United States Steel Corporation (NYSE: X) announced today that interested stockholders, investors, and others may listen to the company’s third quarter 2020 conference call with securities analysts on Friday, October 30 at 8:30 a.m. EDT. The call, which will be available via the U. S. Steel website, will cover third quarter financial results and may include...

Newsroom Type: Press Release YEAR: 2020 | September 29, 2020

The Manufacturing Institute Recognizes U. S. Steel Chief Financial Officer Christine Breves With STEP Ahead Award

PITTSBURGH--(BUSINESS WIRE)-- The Manufacturing Institute awarded a national STEP Ahead Award to U. S. Steel Chief Financial Officer Christine Breves. The STEP Ahead Awards honor women who have demonstrated excellence and leadership in their careers and represent all levels of the manufacturing industry from the factory floor to the C-suite. Of the award, President and Chief Executive Officer...