Recent events
Recent events tied to this brand in public sources.
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2022
Allegheny County fines U.S. Steel over hydrogen sulfide emissions
The Allegheny County Health Department announced a fine of more than $1.8 million against U.S. Steel over hydrogen sulfide emissions at its Clairton coke plant that officials said exceeded Pennsylvania ambient air quality standards. U.S. Steel disputed the basis of the fine, saying the monitoring data included sources unrelated to its operations and that its efforts to study the issue jointly with the department had been unsuccessful.
2021
U.S. Steel reports third-quarter earnings
U.S. Steel reported third-quarter net earnings of $1.54 billion, compared with a net loss of $254 million in the third quarter of 2020.
2021
U.S. Steel temporarily idles Portage operations after a wastewater leak
U.S. Steel temporarily idled operations at its Portage, Indiana plant as a precaution after an orange substance leaked into a Lake Michigan tributary. The substance's contents were not described; initial indications showed higher-than-normal suspended solids in the water.
2021
FTAI and US Steel agree to an exclusive rail partnership
As part of the Transtar deal, FTAI agreed to provide rail services to US Steel for an initial 15-year term, with minimum volume commitments for the first five years.
2021
U.S. Steel acquires steel patents and trademarks from The NanoSteel Company
U.S. Steel announced that it had acquired flat-rolled sheet steel patents and trademarks from The NanoSteel Company, Inc.
2020
U.S. Steel exercises option to acquire remaining Big River Steel stake
U.S. Steel exercised its option to acquire the remaining equity of Big River Steel and said it would pay approximately $774 million in cash. The transaction was expected to close in early 2021, subject to closing conditions and antitrust approval.
2020
U.S. Steel donates to Northwest Indiana food banks
U.S. Steel donated $30,000 to local food banks in Northwest Indiana to help meet increased need for food assistance during the holiday season.
2020
U.S. Steel releases first-quarter guidance
U.S. Steel released first-quarter guidance, reporting expected EBITDA of $31 million and a diluted loss per share of $0.80.
2020
U.S. Steel completes buyout of POSCAL’s UPI ownership interest
United States Steel Corporation completed the buyout of POSCO-California Corporation’s 50% partnership interest in USS-POSCO Industries, effective February 29, 2020.
2020
U.S. Steel acquires remaining stake in USS-POSCO Industries
U.S. Steel completed its purchase of POSCO-California Corp.'s 50% stake in USS-POSCO Industries at the end of February, acquiring the entirety of the joint venture.
2019
U.S. Steel announces indefinite idling of Great Lakes Works
U.S. Steel announced the indefinite idling of its Great Lakes Works plant in Ecorse, Michigan, a decision that led to more than 1,545 layoffs.
2019
U.S. Steel announces planned idling of Zug Island production
U.S. Steel announced that production at its River Rouge iron and steel making facilities on Zug Island would begin idling on or around April 1, 2020. The company described the idling as indefinite rather than a permanent shutdown.
2019
US Steel cuts salaried jobs at Indiana plants
US Steel cut an undisclosed number of nonunion salaried employees at Gary Works in Gary, Indiana, and its Midwest plant in Portage, Indiana, as part of CEO David Burritt’s restructuring plan, which aims to save $200 million in operating costs by 2022.
2019
U.S. Steel announces CFO succession
U.S. Steel announced that CFO Kevin Bradley intended to resign effective Nov. 4 and that Christine Breves would succeed him.
2019
U.S. Steel and Big River Steel announce joint venture partnership
U.S. Steel announced a joint venture partnership agreement with Big River Steel.
2019
U.S. Steel acquires 49.9% of Big River Steel
U.S. Steel acquired a 49.9 percent ownership interest in Big River Steel as the first step toward acquiring the company.
2019
U.S. Steel announces planned purchase of 49.9% of Big River Steel
U.S. Steel announced that it would purchase a 49.9% ownership interest in Arkansas-based Big River Steel for $700 million. The purchase was presented as a planned transaction, not a completed acquisition.