cross-referenced news and research resources about
United States Steel Corporation
The United States Steel Corporation (NYSE: X), more commonly known as U.S. Steel, is an American integrated Steel producer headquartered in Pittsburgh, Pennsylvania, with production operations in the United States, Canada, and Central Europe. As of 2016, the company was the world's 24th largest steel producer and second largest domestic producer, trailing only Nucor Corporation.
Though renamed USX Corporation in 1986, the company returned to its present name in 2001 after spinning off its energy business, including Marathon Oil, and other assets from its core steel concern. The company experienced significant downsizing during the 1980s; a decline in market capitalization resulted in its removal from the S&P 500 Index in 2014.
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updated Tue. October 17, 2023
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Nasdaq
March 7, 2018
United States Steel Corporation X stock looks promising at the moment. The company has seen its shares pop around 34% over the last three months. We are positive on its prospects and believe that the time is right for you to add the stock to portfolio as it looks promising and is poised to carry theÃâà...
Citizentribune
March 7, 2018
The Belleville News Democrat reports that Pittsburg, Pennsylvania-based U.S. Steel said Wednesday that it anticipates calling about 500 Granite City Works employees back to work in March. The company says the change comes due to anticipated demand for more U.S. steel in response to Trump's tariffÃâà...
Chicago Tribune
March 7, 2018
Two members of President Donald Trump's Cabinet suggested that Canada and Mexico might escape new tariffs on steel and aluminum. (Mar. 7, 2018). David J. Lynch, Heather Long and Damian PalettaWashington Post. President Donald Trump is considering a plan to offer Canada and Mexico a temporary exemptionÃâà...
CNNMoney
March 7, 2018
"The President's strong leadership is needed to begin to level the playing field so companies like ours can compete, win and create jobs that support our employees and the communities in which we operate," U.S. Steel said in a statement. A blast furnace is the part of a steel mill where raw materials areÃâà...
Chicago Tribune
March 7, 2018
U.S. Steel Corp. says it will restart one of two blast furnaces along with steel-making facilities in Illinois after President Donald Trump announced a 25 percent tariff on steel imports. The Belleville News Democrat reports that Pittsburgh, Pennsylvania-based U.S. Steel said Wednesday that it anticipatesÃâà...
nwitimes.com
March 6, 2018
The steelmaker's financial fortunes have greatly improved over the last few years along with market conditions and the widespread expectations that more tariffs will be imposed, boosting steel prices. U.S. Steel turned a $341 million profit in 2017 after losing more than $500 million the previous two years.
The Intercept
March 5, 2018
What's not mentioned in the report is that Ross, whose net worth is estimated at around $700 million, made a good chunk of that fortune selling U.S. steel companies to a foreign entity. In 2002, Ross and his investing partners began buying up steel companies that were either in or near bankruptcy, includingÃâà...
Yahoo News
March 5, 2018
United States Steel is expected to see its current-quarter sales climb by 14%, while the company's full fiscal year earnings are projected to skyrocket by nearly 94%. Estimates regarding U.S. Steel's substantial bottom-line growth could be moved even higher once Trump's steel tariffs are enacted. In fact, theÃâà...
CNBC
December 31, 1999
Bank of America Merrill Lynch lowers its rating to neutral from buy on United States Steel shares, citing concerns about a global trade war. "With good news ... Tanners increased her price target for U.S. Steel shares to $50 from $47, representing 9 percent upside to Thursday's close. The analyst predicts theÃâà...
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united states steel
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united states steel
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