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Newsroom Type: Press Release | February 03, 2025
Nippon Steel and U. S. Steel Request Court to Set Aside President Biden’s Block of the Companies’ Partnership
TOKYO & PITTSBURGH--(BUSINESS WIRE)-- Nippon Steel Corporation (“Nippon Steel”) (TSE: 5401), together with its wholly owned subsidiary Nippon Steel North America, Inc. (“NSNA”), and United States Steel Corporation (“U. S. Steel”) (NYSE: X) (collectively, the “Companies”) today jointly filed their opening brief in their action against former President Biden and his political appointees...
Newsroom Type: Press Release | January 30, 2025
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, March 12, 2025, to stockholders of record at the close of business on Monday, February 10, 2025. Founded in 1901, United States Steel Corporation is a...
Newsroom Type: Press Release | January 30, 2025
United States Steel Corporation Reports Fourth Quarter and Full-Year 2024 Results
Fourth quarter 2024 net loss of $89 million, or $0.39 per diluted share; full-year 2024 net earnings of $384 million, or $1.57 per diluted share. Fourth quarter 2024 adjusted net loss of $28 million, or $0.13 per diluted share; full-year 2024 adjusted net earnings of $529 million, or $2.14 per diluted share. Fourth quarter 2024 adjusted EBITDA of $190 million; full-year 2024 adjusted...
Newsroom Type: Press Release | January 27, 2025
U. S. Steel Reiterates Commitment to Maximizing Value for Stockholders
Issues Statement in Response to Ancora PITTSBURGH--(BUSINESS WIRE)-- United States Steel Corporation (NYSE: X) (“U. S. Steel” or the “Company”) today issued the following statement in response to the submission by Ancora Catalyst Institutional, LP (“Ancora”), who has a reported 0.18% stake in the Company, of nine nominees to stand for election to the U. S. Steel Board of Directors at...
Newsroom Type: Press Release | January 22, 2025
United States Steel Corporation to Release Fourth Quarter and Full Year 2024 Financial Results on January 30, 2025
PITTSBURGH--(BUSINESS WIRE)-- United States Steel Corporation (NYSE: X) (“U. S. Steel”) today announced that it will release financial results for the fourth quarter and full year 2024 on Thursday, January 30, 2025, 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...
Newsroom Type: Press Release | January 08, 2025
U. S. Steel Recognized With Human Rights Campaign's Equality 100 Award
Company Earns Fifth Consecutive Perfect Score on the Corporate Equality Index PITTSBURGH--(BUSINESS WIRE)-- U. S. Steel (NYSE: X) announced today that for a fifth consecutive year it has scored a perfect 100 on the Human Rights Campaign Foundation’s (HRCF) 2025 Corporate Equality Index (CEI), the leading corporate benchmarking tool for rating LGBTQ+ equality, and has been honored with...
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: 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: 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...
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...