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21 21  
22 22  = Brief Company Overview =
23 23  
24 -United States Steel Corporation (NYSE:X) was established in 1901 by Andrew Carnegie, J.P. Morgan, Charles Schwab, and Elbert H. Gary. U. S. Steel produces and sells steel products, including flat-rolled and tubular products, in North America and Europe. Operations in the United States also include iron ore and coke production facilities and real estate operations. Operations in Europe also include coke production facilities. The company has supplied steel for many famous structures in the United States such as, San Francisco-Oakland Bay Bridge, Willis Tower and Hancock Tower in Chicago, United Nations Building in New York City, Chicago Picasso, “Three Sisters” bridges in Pittsburgh and others. U. S. Steel supplies customers through out the world primarily in the automotive, construction, consumer (packaging and appliance), electrical, industrial equipment, service center/distribution, structural tubing and energy (oil country tubular goods (OCTG) and line pipe) markets. According to the world steel Association’s latest published statistics, in 2020 U. S. Steel was the third largest steel producer in the United States and the thirty eighth largest steel producer in the world.
24 +[[image:saupload_purepng.com-united-states-steel-logologobrand-logoiconslogos-251519938990g7cjf.png||alt="US Steel Logo" height="100" style="float:left" width="399"]]United States Steel Corporation (NYSE:X) was established in 1901 by Andrew Carnegie, J.P. Morgan, Charles Schwab, and Elbert H. Gary. U. S. Steel produces and sells steel products, including flat-rolled and tubular products, in North America and Europe. Operations in the United States also include iron ore and coke production facilities and real estate operations. Operations in Europe also include coke production facilities. The company has supplied steel for many famous structures in the United States such as, San Francisco-Oakland Bay Bridge, Willis Tower and Hancock Tower in Chicago, United Nations Building in New York City, Chicago Picasso, “Three Sisters” bridges in Pittsburgh and others. U. S. Steel supplies customers through out the world primarily in the automotive, construction, consumer (packaging and appliance), electrical, industrial equipment, service center/distribution, structural tubing and energy (oil country tubular goods (OCTG) and line pipe) markets. According to the world steel Association’s latest published statistics, in 2020 U. S. Steel was the third largest steel producer in the United States and the thirty eighth largest steel producer in the world.
25 25  
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27 +[[image:a_Photo_-_1.jpg||alt="US Steel Production site"]]
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26 26  The company has four reportable segments - North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The company also has its Real Estate and Railroad Business. The company provides solution for industries like appliances, automotive, construction, electrical, energy, industrial, mining, and packaging. Specific products of the company include Advanced High-Strength Steel, Ultra High-Strength Steel, Coated Sheet, Cold-Rolled Coil, Dent Resistant, High-Strength Low-Alloy Steel, Hot-Rolled Coil, Mild Steels, and Tin. The company has annual raw steelmaking capability of 22.4 million net tons.
27 27  
28 28  U. S. Steel is helmed by David Boyd Burritt as President, CEO & Director. The company has approximately 24,540 employees as of December 31, 2021. Return on Equity (TTM) and Return on Assets (TTM) of the company as on February 2, 2023 is 36.89% and 15.21%, respectively.{{footnote}}https://finance.yahoo.com/quote/X/key-statistics?p=X{{/footnote}}
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71 71  
72 72  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.
73 73  
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78 +[[image:flat rolled.jfif||alt="us steel product segment:flat rolled"]]
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74 74  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.
75 75  
76 76  === Mini Mill ===
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136 136  
137 137  The **US Steel Corporation** was established in 1901 and is headquartered in Pittsburgh, Pennsylvania. Creation of United States Steel in 1901 was from the merger of several different steel companies including Carnegie Steel, Federal Steel [founded by John Morgan in 1898], American Steel & Wire and others. Charles Schwab was appointed by Carnegie to run Carnegie Steel. Elbert H Gary around this time was president of Federal Steel; and it was Carnegie, Morgan, Schwab and Gary who were instrumental in the subsequent creation of U.S. Steel.{{footnote}}https://www.steelonthenet.com/kb/history-us-steel.html{{/footnote}}
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146 +[[image:us steel history.jpg||alt="US steel history"]]
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139 139  |=(% style="width: 119px;" %)Year|=(% style="width: 435px;" %)Particular
140 140  |(% style="width:119px" %)1901|(% style="width:435px" %)United States Steel Corporation founded.
141 141  |(% style="width:119px" %)1901-1910|(% style="width:435px" %)Acquisition of Bessemer Steamship Co (Great Lakes iron ore); Purchase of the Clairton Steel Company; Purchase of Tennessee Coal, Iron and Railroad Company;  Acquisition of the Columbia Steel Company.
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