Articles from United States Steel Corporation

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 employees, along with community members and local elected officials, will gather to reinforce their support for the transaction. They will again call on officials across the nation to recognize the significant benefits this transaction holds for employees and other stakeholders and to advocate for regulatory reviews to be focused on the merits of the deal. Earlier this week, Nippon Steel announced that all eligible USW-represented U. S. Steel employees and eligible non-represented employees will receive a $5,000 bonus within 30 days of deal closing. Altogether, the Closing Bonus will result in a nearly $100 million aggregate payment to qualifying employees. *

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 produced/exported by Tenaris’ Siderca S.A.I.C and Mexican OCTG produced/exported by Tenaris’ Tubos de Acero de Mexico, S.A., continued to be dumped in the U.S. market at rates of 6.80% and 30.38%, respectively, during the 2022-2023 review period.

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.

United States Steel Corporation (NYSE: X) reported third quarter 2024 net earnings of $119 million, or $0.48 per diluted share. Adjusted net earnings was $140 million, or $0.56 per diluted share. This compares to third quarter 2023 net earnings of $299 million, or $1.20 per diluted share. Adjusted net earnings for the third quarter 2023 was $350 million, or $1.40 per diluted share.

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 engineering, showcasing products and technologies that transform the way people live, work and play.

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.

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 Corporation (“Nippon Steel”) to modernize U. S. Steel’s Mon Valley Works following the closing of the pending merger with U. S. Steel would generate a significant economic impact in Pennsylvania.

United States Steel Corporation (NYSE: X) (“U. S. Steel” or the “Company”) today announced the Board of Arbitration, which is jointly selected by U. S. Steel and the United Steelworkers (“USW”) to decide disputes between them, ruled that U. S. Steel has satisfied each of the conditions of the successorship clause of its Basic Labor Agreement (“BLA”) with the USW and that no further action under the BLA is required to proceed to closing the pending transaction between U. S. Steel and Nippon Steel (the “Transaction”).

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 products as ResponsibleSteel Certified Steel at its Big River facility in Osceola, Arkansas. Big River received the first ResponsibleSteel Site Certification in North America in 2022 and is once again at the forefront of innovation by achieving certification for sustainably sourced and manufactured steel.

United States Steel Corporation (NYSE: X) today provided third quarter 2024 adjusted net earnings per diluted share guidance of $0.44 to $0.48. Third quarter 2024 adjusted EBITDA is expected to be approximately $300 million.

United States Steel Corporation (“U. S. Steel” or the “Company”) (NYSE: X) today announced the roll out of ZMAG™ coated steel, a revolutionary new carbon flat rolled coated steel product. Engineered to be stronger, more resilient, and more sustainable than existing products on the market today, ZMAG™ steel rises to the challenge of the world’s harshest conditions and introduces a new level of reliability and durability for the solar, automotive, and construction industries.

On September 5, 2024, U. S. Steel, along with the United Steelworkers union (“USW”) and Wheeling-Nippon, has filed antidumping and countervailing duty petitions with the United States Department of Commerce (“DOC”) and the United States International Trade Commission (“ITC”), on imports of corrosion-resistant steel (“CORE”) from Australia, Brazil, Canada1, Mexico, Netherlands, South Africa, Taiwan, Turkey, United Arab Emirates, and Vietnam.

Employees of United States Steel Corporation (NYSE: X) (“U. S. Steel”) today will host a rally at the U. S. Steel Tower in Pittsburgh in support of the Nippon Steel transaction. Employees will call on elected officials in Pennsylvania and across the nation to recognize the significant merits of the transaction for U. S. Steel employees, communities, customers, and American steelmaking.

United States Steel Corporation (NYSE: X) (“U. S. Steel”) is featured in “Military Makeover: Operation Career” in an episode titled, “Forging New Careers in Steel.” The series shares stories of military veterans who have successfully transitioned to civilian life by finding meaningful and rewarding career opportunities.

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, September 11, 2024, to stockholders of record at the close of business on Monday, August 12, 2024.

United States Steel Corporation (NYSE: X) reported second quarter 2024 net earnings of $183 million, or $0.72 per diluted share. Adjusted net earnings was $211 million, or $0.84 per diluted share. This compares to second quarter 2023 net earnings of $477 million, or $1.89 per diluted share. Adjusted net earnings for the second quarter 2023 was $483 million, or $1.92 per diluted share.

U. S. Steel (NYSE: X) announced today it has once again received a top score of 100 on the Disability Equality Index®, the leading corporate benchmarking tool for disability equality, and earned its fourth consecutive recognition as a “Best Place to Work for Disability Inclusion.” By annually completing the Index, U. S. Steel demonstrates its commitment to strengthening inclusion across its organization and enhancing what it believes is a distinct business advantage: the ability to leverage the skills of people who identify as having a disability.

United States Steel Corporation (NYSE: X) (“U. S. Steel”) today announced that it will release financial results for the second quarter 2024 on Thursday, August 1, 2024, following the close of trading on the New York Stock Exchange.

United States Steel Corporation (NYSE: X) (“U. S. Steel”) has been named a Beyond the Yellow Ribbon company by the Minnesota National Guard, a designation that illustrates U. S. Steel’s continued commitment to providing an inclusive and supportive working environment for veterans. U. S. Steel Minnesota Ore Operations hosted an official proclamation event on June 27, commemorating this accomplishment.

United States Steel Corporation (NYSE: X) (“U. S. Steel”) today announced it has been named a Vibrant Index 5.0 Champion for the second time in recognition of its diversity, equity and inclusion (DEI) leadership in the Pittsburgh region. The award highlights organizations that demonstrate a strong commitment to DEI through their policies, programs and workforce representation.

United States Steel Corporation (NYSE: X) today released its 2023 Sustainability Report titled “The Future of Steel”, highlighting the company’s leadership in producing visionary solutions that benefit all stakeholders. The report outlines U. S. Steel’s strategic plans, investments and progress in reducing its carbon footprint, inspiring innovation, empowering its people and more, including its work toward achieving its goal of net-zero greenhouse gas (GHG) emissions by 2050 (Scopes 1 and 2). Notably, the report highlights how U. S. Steel progressed or established multiple partnerships with energy and technology companies, government agencies, non-profits, and universities to work on emissions reduction and developing carbon capture and utilization projects.

United States Steel Corporation (NYSE: X) today provided second quarter 2024 adjusted net earnings per diluted share guidance of $0.76 to $0.80. Second quarter 2024 adjusted EBITDA is expected to be approximately $425 million.

United States Steel Corporation (NYSE: X) announced it has awarded 20 college scholarships to students across the country. All the recipients are children of U. S. Steel employees. The scholarships are funded by the United States Steel Foundation.

United States Steel Corporation (NYSE: X) (“U. S. Steel”) and Nippon Steel Corporation (“Nippon Steel”) (TSE: 5401) announced that they have received all regulatory approvals outside of the United States related to the proposed transaction between U. S. Steel and Nippon Steel. These approvals have been received from the Directorate-General for Competition of the European Commission (pursuant to the EU Merger Regulation and, separately, the Foreign Subsidies Regulation), the Mexican Federal Economic Competition Commission, the Serbian Competition Commission, the Ministry of Economy of Slovakia, the Turkish Competition Authority. In addition, the United Kingdom Competition and Markets Authority confirmed that it had no further questions regarding the proposed transaction in response to the submission of a voluntary briefing paper.

U. S. Steel (NYSE: X) (“U. S. Steel”) today celebrated the launch and operational readiness of its direct reduced (DR)-grade pellet production facility at its Minnesota Ore Operations-Keetac Plant. Having already confirmed the first shipment of DR-grade pellets, the Keetac facility is on track to deliver approximately four million tons of pellets annually. The $150 million investment marks a step forward in U. S. Steel’s metallics strategy by supplying the increasingly tight DR-grade pellet market with low-cost iron ore and building on the company’s ability to meet customer needs.