Summary

• Page properties (1 modified, 0 added, 0 removed)

Details

Page properties

Content

...	...	@@ -29,14 +29,14 @@
29	29
30	30
31	31
32		-= Financial Analysis =
	32	+= Financial Highlights =
33	33
34		-== Q4'22 Performance Analysis ==
	34	+== Q4'22 Performance Highlights ==
35	35
36	36
37	37
38	38
39		-== Annual Performance Analysis, 2021 ==
	39	+== Annual Performance Highlights, 2021 ==
40	40
41	41	Revenue is generated primarily from contracts to produce, ship and deliver steel products, and to a lesser extent, raw materials sales such as iron ore pellets and coke by-products and rail road services. Net sales for the twelve months ended December 31, 2021 compared to the same period in 2020 were $20,275 million and $9,741 million, respectively. For the Flat-Rolled segment the increase in sales primarily resulted from higher average realized prices ($454 per ton) across all products and increased shipments (307 thousand tons)primarily for cold-rolled products. • For the USSE segment the increase in sales primarily resulted from higher average realized prices ($340 per net ton) and increased shipments (1,261 thousand tons) across most products.• For the Tubular segment the increase in sales primarily resulted from higher average realized prices ($425 per net ton) for seamless products. Earnings before interest and taxes of the company is reported $4,946 million in 2021, up from a loss of $1,075 in 2020. Net income of the company is reported to be $4,174 million, up from a loss of $1,165 million a year earlier. Basic Earnings per share (EPS) of the company during 2021 is $15.77, which was a loss of $5.92 a year earlier. Quarterly dividends on common stock were one cent per share in the first, second and third quarters and five cents per share in the fourth quarter in 2021. Quarterly dividends on common stock were one cent per share for each quarter in 2020 and five cents per share each quarter in 2019.
42	42
...	...	@@ -50,35 +50,63 @@
50	50
51	51	U. S. Steel has four reportable segments: North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Mini Mill segment reflects the full ownership of Big River Steel after January 15, 2021, and a new mill under construction in Osceola, Arkansas. Prior to the acquisition, the minority interest equity earnings of Big River Steel were included in the Other category. The Tubular segment includes the electric arc furnace at our Fairfield Tubular Operations in Fairfield, Alabama. The Other category includes results of our real estate business, the previously held equity method investment in Big River Steel, and our former railroad business.
52	52
53		-== Flat-Rolled ==
	53	+== Business Segments ==
54	54
	55	+=== Flat-Rolled ===
	56	+
55	55	The Flat-Rolled segment includes the operating results of U. S. Steel’s integrated steel plants and equity investees in North America involved in the production of slabs, strip mill plates, sheets and tin mill products, as well as all iron ore and coke production facilities in the United States. These operations primarily serve North American customers in the automotive, appliance, construction, container, transportation and service center markets.
56	56
57	57	During 2021 Flat-Rolled had aggregate annual raw steel production capability of 17.0 million tons produced at the company's different production sites - Gary Works, Mon Valley Works, Great Lakes Works and Granite City Works facilities. In December 2021, U. S. Steel permanently idled the steelmaking operations at Great Lakes Works, which reduced the Company's overall annual raw steel production capability by 3.8 million net tons. Raw steel production was 9.9 million tons in 2021, 9.3 million tons in 2020 and 11.4 million tons in 2019. Raw steel production averaged 58 percent of capability in 2021, 55 percent of capability in 2020 and 67 percent of capability in 2019.
58	58
59		-== Mini Mill ==
	61	+=== Mini Mill ===
60	60
61	61	The Mini Mill segment includes the operating results of U. S. Steel's Big River Steel facility in North America and a new mill under construction in Osceola, Arkansas. The Mini Mill segment produces hot-rolled, cold-rolled and coated sheets and electrical. This operation primarily serves North American customers in the automotive, appliance, construction, container, transportation and service center markets.
62	62
63	63	Mini Mill has aggregate annual raw steel production capability of 3.3 million tons produced at the Big River Steel facility. Raw steel production was 2.7 million tons in 2021. Raw steel production averaged 81 percent of capability in 2021.
64	64
65		-== European Operations ==
	67	+=== European Operations ===
66	66
67	67	The USSE segment includes the operating results of U. S. Steel Košice (USSK), U. S. Steel’s integrated steel plant and coke production facilities in Slovakia, and its subsidiaries. USSE conducts its business mainly in Central and Western Europe and primarily serves customers in the European transportation (including automotive), construction, container, appliance, electrical, service center, conversion and oil, gas and petrochemical markets. USSE produces and sells slabs, strip mill plate, sheet, tin mill products and spiral welded pipe.
68	68
69	69	USSE has annual raw steel production capability of 5.0 million tons. USSE’s raw steel production was 4.9 million tons in 2021, 3.4 million tons in 2020, and 3.9 million tons in 2019. USSE’s raw steel production averaged 99 percent of capability in 2021, 67 percent of capability in 2020 and 78 percent of capability in 2019.
70	70
71		-== Tubular ==
	73	+=== Tubular ===
72	72
73	73	The Tubular segment includes the operating results of U. S. Steel’s tubular production facilities and an equity investee in the United States. These operations produce and sell seamless and electric resistance welded (ERW) steel casing and tubing (commonly known as OCTG), and standard and line pipe and mechanical tubing and primarily serve customers in the oil, gas and petrochemical markets.
74	74
75	75	The Tubular segment has annual raw steel production capability of 900 thousand tons. Raw steel production was 464 thousand tons in 2021 and 16 thousand tons in 2020. Raw steel production averaged 52 percent of capability in 2021 and 7 percent of capability in 2020. Tubular has total production capability of 1.9 million tons. In 2020, Tubular indefinitely idled the Lone Star Tubular Operations and Lorain Tubular Operations thereby effectively reducing on-line tubular production capacity by 790 thousand and 380 thousand tons, respectively. U. S. Steel Tubular Products, Inc. (USSTP), a wholly owned subsidiary of U. S. Steel, designs and develops a range of premium and semi-premium connections to address customer needs.
76	76
	79	+== Products ==
77	77
	81	+Solutions offered by the company -
78	78
	83	+* Appliances
	84	+* Automotive
	85	+* Construction
	86	+* Electrical
	87	+* Energy
	88	+* Industrial
	89	+* Mining
	90	+* Packaging
	91	+* Sustainable steel
79	79
	93	+Products offered by the company -
80	80
	95	+* Advanced high-strength steel
	96	+* Coated sheet
	97	+* Ultra high-strength steel
	98	+* Cold-rolled coil
	99	+* Dent-resistant
	100	+* High-strength low-alloy steel
	101	+* Hot-rolled coil
	102	+* Mild steels
	103	+* Tin
81	81
82	82
83	83
	107	+
	108	+
	109	+
	110	+
	111	+
84	84	{{putFootnotes/}}