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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: 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...

Newsroom Type: Press Release YEAR: 2020 | September 28, 2020

U. S. Steel Names Kenneth Jaycox Senior Vice President and Chief Commercial Officer

PITTSBURGH--(BUSINESS WIRE)-- United States Steel Corporation (NYSE: X) President and Chief Executive Officer David B. Burritt today announced the appointment of Kenneth Jaycox as Senior Vice President and Chief Commercial Officer. Jaycox succeeds Douglas R. Matthews, who will retire in January. Jaycox will report to Burritt as a member of the company’s executive management team. In this...

Newsroom Type: Press Release YEAR: 2020 | September 25, 2020

U. S. Steel Senior Vice President – Chief Commercial & Technology Officer, Tubular and Mining Solutions Douglas R. Matthews to Retire After 33 Years

PITTSBURGH--(BUSINESS WIRE)-- United States Steel Corporation (NYSE: X) today announced that Douglas R. Matthews, Senior Vice President – Chief Commercial & Technology Officer, Tubular and Mining Solutions has informed the company of his intention to retire in January 2021, after 33 years of service with the company. This press release features multimedia. View the full release here:...

Newsroom Type: Press Release YEAR: 2020 | September 18, 2020

United-States-Steel-Corporation-Provides-Third-Quarter-2020-Guidance

PITTSBURGH--(BUSINESS WIRE)--United States Steel Corporation (NYSE: X) today provided third quarter 2020 guidance. Third quarter 2020 adjusted EBITDA is expected to be approximately ($100) million. The Company expects third quarter 2020 adjusted diluted loss per share to be approximately ($1.45). “Improving market conditions experienced in June and July have accelerated through August and...

Newsroom Type: Press Release YEAR: 2020 | September 18, 2020

United States Steel Corporation Provides Third Quarter 2020 Guidance

PITTSBURGH--(BUSINESS WIRE)-- United States Steel Corporation (NYSE: X) today provided third quarter 2020 guidance. Third quarter 2020 adjusted EBITDA is expected to be approximately ($100) million. The Company expects third quarter 2020 adjusted diluted loss per share to be approximately ($1.45). “Improving market conditions experienced in June and July have accelerated through August and...

Newsroom Type: Press Release YEAR: 2020 | July 30, 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 September 10, 2020 to stockholders of record at the close of business August 10, 2020. 2020-032 Founded in 1901, the United States Steel Corporation is a Fortune 250 company and leading...

Newsroom Type: Press Release YEAR: 2020 | July 30, 2020

United States Steel Corporation Reports Second Quarter 2020 Results

Net loss of $589 million, or $3.36 per diluted share Adjusted net loss of $469 million, or $2.67 per diluted share Adjusted EBITDA loss of $264 million Liquidity of $2.652 billion, including cash of $2.300 billion PITTSBURGH--(BUSINESS WIRE)-- United States Steel Corporation (NYSE:X) reported second quarter 2020 net loss of $589 million, or $3.36 per diluted share. Adjusted net loss was...

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

Summer Food Program Provides Free Healthy Food to Hundreds of Children in Clairton

PITTSBURGH, July 29, 2020 — The American Heart Association and U. S. Steel are working together to improve the health of our communities through The Summer Food Program. Healthy grab and go meals that include breakfasts and lunches are being delivered to kids across Clairton, five days a week throughout the summer. Proper nutrition and access to healthy options are essential in...

Newsroom Type: Press Release YEAR: 2020 | July 27, 2020

Tracy A. Atkinson Elected to U. S. Steel Board of Directors

PITTSBURGH, July 27, 2020– United States Steel Corporation (NYSE: X) today announced that Tracy A. Atkinson has been elected to the company's Board of Directors. Ms. Atkinson retired from State Street Corporation in March 2020 after advancing through a series of leadership roles during her 12 years with the company. She joined State Street in 2008 as an Executive Vice President and held...

Newsroom Type: Press Release YEAR: 2020 | July 22, 2020

U. S. Steel Partners with Susquehanna Service Dogs to Fully Fund an Assistance Dog

PITTSBURGH July 22, 2020– U. S. Steel and Susquehanna Service Dogs (SSD), a program of Keystone Human Services, are pleased to announce a partnership to fully fund an assistance dog who will be paired with an individual in the Pittsburgh area. This partnership covers the cost of breeding, raising, training, and placing an assistance dog to assist someone with a disability to live more...

Newsroom Type: Press Release YEAR: 2020 | June 17, 2020

United States Steel Corporation Announces Pricing of Common Stock Offering

PITTSBURGH, June 17, 2020 – United States Steel Corporation (NYSE: X) (the “company” or “U. S. Steel”) today announced the pricing of its previously announced underwritten public offering of 50,000,000 shares of common stock, for gross proceeds of approximately $429 million. The company has granted the underwriter a 30-day option to purchase up to 7,500,000 additional shares of common stock...

Newsroom Type: Press Release YEAR: 2020 | June 17, 2020

United States Steel Corporation Announces Common Stock Offering

PITTSBURGH, June 17, 2020 – United States Steel Corporation (NYSE: X) (the “company” or “U. S. Steel”) today announced that it has commenced an underwritten public offering of 50,000,000 shares of common stock. U. S. Steel intends to grant the underwriter a 30-day option to purchase up to 7,500,000 additional shares of common stock from the company. U. S. Steel intends to use the net...