U.S. Steel
Logo used since 1958 | |
U.S. Steel Tower in Pittsburgh | |
| Formerly | USX Corporation (1986–2001) |
|---|---|
| Company type | Subsidiary |
| Industry | Steel Industrial manufacturing |
| Founded | March 2, 1901 by merger of Carnegie Steel with Federal Steel Company and the National Steel Company |
| Founders |
|
| Headquarters | U.S. Steel Tower, Pittsburgh, Pennsylvania , United States |
Area served | Worldwide |
Key people | |
| Products | Flat-rolled steel Tubular steel Iron ore |
| Revenue | US$15.6 billion (2024)[6] |
| US$240 million (2024)[6] | |
| US$384 million (2024)[6] | |
| Total assets | US$20.2 billion (2024)[6] |
| Total equity | US$11.3 billion (2024)[6] |
Number of employees | 22,053[6] (2024) |
| Parent | Nippon Steel Federal government of the United States (golden share) |
| Website | ussteel |
The United States Steel Corporation is an American steel company based in Pittsburgh, Pennsylvania. It is a wholly owned subsidiary of Nippon Steel that maintains production facilities at several additional locations in the U.S. and Central Europe. The company produces and sells steel products, including flat-rolled and tubular products for customers in industries across automotive, construction, consumer, electrical, industrial equipment, distribution, and energy. Operations also include iron ore and coke production facilities.[7]
U.S. Steel ranked eighth among global steel producers in 2008 and 24th by 2022, remaining the second-largest in the U.S. behind Nucor. Renamed USX Corporation in 1986, it reverted to U.S. Steel in 2001 after spinning off its energy assets, including Marathon Oil. In December 2023, Nippon Steel announced a $14.9 billion acquisition of U.S. Steel, retaining its name and Pittsburgh headquarters. The deal faced opposition from the United Steelworkers,[8] the Trump presidential campaign,[9] and the Biden administration,[10][11] which formally blocked it in January 2025.[12] U.S. Steel and Nippon Steel sued the administration, claiming the block was unlawful.[13] The acquisition was finalized on June 18, 2025, making U.S. Steel a subsidiary of Nippon Steel North America, with an oversight role for the federal government of the United States through a golden share.[14][15][16]
- ^ Vivian 2020, p. 24.
- ^ Warren 1996, p. 298.
- ^ Churella, Albert J. (2012). The Pennsylvania Railroad, Volume 1: Building an Empire, 1846–1917. Philadelphia, Pennsylvania: University of Pennsylvania Press. p. 570. ISBN 978-0-8122-4348-2.
[Henry Clay] Frick had also been one of the founding directors of U.S. Steel, and he remained closely associated with that company...
- ^ Chernow 1999, pp. 389–391.
- ^ Chernow 1999, p. 393.
- ^ a b c d e f "2024 Annual Report (Form 10-K)". January 31, 2025. Retrieved January 31, 2025.
- ^ "United States Steel Corp, X:NYQ profile - FT.com". markets.ft.com. Retrieved July 5, 2023.
- ^ Cite error: The named reference
uswopposeswas invoked but never defined (see the help page). - ^ Cite error: The named reference
:0was invoked but never defined (see the help page). - ^ Duehren, Andrew; Tita, Bob (March 14, 2024). "Biden Opposition to Takeover of U.S. Steel Comes After Months of Lobbying". Wall Street Journal. Retrieved March 15, 2024.
- ^ Cite error: The named reference
mccallstateswas invoked but never defined (see the help page). - ^ Sherman, Natalie (January 3, 2025). "Biden blocks Japan's Nippon Steel from buying US Steel". BBC News. Retrieved January 3, 2025.
- ^ Cite error: The named reference
alperwas invoked but never defined (see the help page). - ^ Alper, Alexandra (June 18, 2025). "Nippon Steel's purchase of U.S. Steel closes, with big role for Trump". Reuters. Retrieved June 18, 2025.
- ^ Litvak, Anya (June 18, 2025). "Done deal: The sale of U.S. Steel to Nippon Steel is complete". Pittsburgh Post-Gazette. Retrieved June 18, 2025.
- ^ Kimball, Spencer (June 18, 2025). "U.S. Steel ceases trading on the NYSE as Japan's Nippon finalizes takeover". CNBC. Retrieved June 18, 2025.
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