U.S. Steel

The United States Steel Corporation is an American steel company based in Pittsburgh, Pennsylvania. It 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.

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, the company assumed its current name, U.S. Steel, in 2001, after spinning off its energy business, including Marathon Oil, and other assets, from its core steel concern.

Nippon Steel, Japan's largest steel producer, announced plans to acquire U.S. Steel for $14.9 billion (or $55 per share), pending approval from regulators and shareholders. The deal, announced in mid-December 2023, retained U.S. Steel's name and headquarters in Pittsburgh. The planned acquisition was opposed by the United Steelworkers, the Trump presidential campaign, and the Biden administration. In January 2025, the Biden administration formally blocked the purchase. U.S. Steel and Nippon Steel then filed a lawsuit against the Biden administration for blocking the merger, alleging that the block was unlawful and politically motivated. Provided by Wikipedia