United States Steel

United States Steel Corp. engages in the manufacturing and selling of steel products. It operates through the following business segments: Flat-Rolled Products, Mini Mill, U.S. Steel Europe, and Tubular Products. The Flat-Rolled Products segment includes managing steel plants and production facilities that manufacture steel slabs, rounds, strip mill plates, sheets, tin mill, iron ore, and coke. The Mini Mill segment produces hot-rolled, cold-rolled and coated sheets. The U.S. Steel Europe segment produces and markets strip mill plates, spiral welded pipe, heating radiators, refractory ceramic materials. The Tubular Products segment is involved in manufacturing and trading seamless and electric resistance welded steel casing and tubing. line pipe, and mechanical tubing. The company was founded in 1901 by Andrew Carnegie, John Pierpont Morgan, Charles Michael Schwab and Elbert Henry Gary and is headquartered in Pittsburgh, PA.

Earnings data Q1 2021

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U.S. Steel reports robust Q4 earnings, eyes strategic investments

United States Steel (X) showcased a strong financial performance, commitment to ESG transformation, and value creation for stakeholders. The company remains optimistic about the U.S. economy, steel industry sustainability, and long-term pricing prospects.

U.S. Steel surpasses Q1 earnings, eyes growth amid green initiatives

United States Steel (X) delivered strong financial results in Q1 2023, exceeding expectations. The company is focused on strategic projects, decarbonization efforts, and maintaining stakeholder commitment for sustainable growth.

United States Steel (X) reports robust Q2 earnings and growth opportunities

United States Steel (X) delivered a strong Q2 performance, showcasing financial strength and strategic focus. Despite potential challenges in steel prices and segment volumes, the company remains optimistic about future prospects. With a commitment to innovation and growth, U.S. Steel is well-positioned to capitalize on industry trends and drive shareholder value.

U.S. Steel reports strong Q3 performance, eyes value in 2024

U.S. Steel reports strong Q3 performance and optimistic about unlocking value in 2024. Challenges include potential CO2 cost hike and sequential decline in Q4 EBITDA. Company emphasizes cash priority and commitment to delivering value.

U.S. Steel posts strong Q4 earnings, eyes growth through NSC merger

U.S. Steel delivered a strong financial quarter, highlighted by robust earnings and solid liquidity. The pending merger with NSC offers growth potential and strategic advantages. While challenges like integration and market uncertainties exist, the company's outlook remains positive.

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United States Steel Corp. engages in the manufacturing and selling of steel products. It operates through the following segments: Flat-Rolled Products, Mini Mill, U.S. Steel Europe, and Tubular Products. The Flat-Rolled Products segment includes managing steel plants and production facilities that manufacture slabs, rounds, strip mill plates, sheets, tin mill, iron ore, pellets, pig iron, and coke. The Mini Mill segment produces hot and cold-rolled, coated sheets and electrical steels. The U.S. Steel Europe segment involves the production and marketing of sells slabs, strip mill plate, sheet, tin mill products, and spiral welded pipe. The Tubular Products segment manufactures and trades seamless and electric resistance welded steel casing and tubing, line pipe, and mechanical tubing. The company was founded in 1901 and is headquartered in Pittsburgh, PA.

Cleveland-Cliffs

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cleveland-Cliffs” or “Cliffs”) today announced receipt of the assignment of the United Steelworkers' (USW) right to bid under their Basic Labor Agreement with United States Steel Corporation (NYSE:X) (“U.S. Steel”). With this exclusive assignment, Cliffs is the only realistic buyer able to acquire the totality of U.S. Steel. Furthermore, Cliffs has agreed to assume, upon closing of a transaction, all of the agreements between U.S.

Cleveland-Cliffs Receives Exclusive Assignment of Right to Bid from United Steelworkers

Is a third bid in the offing for US Steel Corp? Well, according to reports in the morning press in Paris and New York, the answer is a very guarded 'maybe'.

A third bidder for US Steel Corp? Possibly, but not if the union is left to decide

U.S. Steel Corp attracted acquisition interest after short-term challenges, including upgrading furnaces and potential car production shutdowns, weighed on its valuation, according to people familiar with the deliberations of its suitors.

Focus: How U.S. Steel became an acquisition target

ArcelorMittal

United Steel Workers (USW) International President Tom Conway on Wednesday called ArcelorMittal's bid consideration for U.S. Steel "foolish" and said the union wouldn't endorse any buyers other than Cleveland-Cliffs.

Steel union head calls ArcelorMittal bid for US Steel 'foolish'

Reuters reported Wednesday that ArcelorMittal was considering a bid for United States Steel. That has U.S. Steel shares on the move.

U.S. Steel Stock Is Surging. Another Bidder Could Appear.

ArcelorMittal SA MT is considering a potential offer for U.S. Steel Corp. X, Reuters reported Wednesday citing people familiar with the matter. That would be a third proposal for U.S. Steel, which has received offers from Cleveland-Cliffs Inc. CLF and privately held Esmark Inc. for more than $7 billion.

ArcelorMittal mulling over bid for U.S. Steel: report

ArcelorMittal SA , the world's second-largest steelmaker, is considering a potential offer for U.S. Steel Corp , people familiar with the matter said on Wednesday.

Exclusive: ArcelorMittal weighs possible bid for US Steel -sources

The world's first billion-dollar corporation may soon no longer be publicly traded.  US Steel is the subject of what has become a bidding war — on Monday, privately held Pittsburgh-based Esmark unveiled a bid of $35 per share ($78 billion).

Investors brace for result of US Steel bidding war

Esmark Inc majority owner and chief executive James Bouchard said in an interview on Tuesday that his steel maker, which does not publicly report its earnings, has cash for its $7.8 billion bid for U.S. Steel Corp sitting in his bank account.

Esmark CEO says has money in bank account for $7.8 billion US Steel bid

A deal for the American steelmaker could leave fewer options for steel used in cars, food cans and other products.

U.S. Steel Takeover Talk Rattles Manufacturers

Industrial conglomerate Esmark offered to buy U.S. Steel for $7.8 billion, shortly after U.S. Steel rejected a $7.25 billion bid from Cleveland-Cliffs.

Esmark Offers $7.8 Billion for US Steel After $7.25 Billion Bid by Cleveland-Cliffs

U.S. Steel (X) announces strategic review in response to multiple unsolicited proposals, including the acquisition offer from Cleveland-Cliffs.

U.S. Steel (X) Initiates Review of Strategic Alternatives

Tesla

An outlandish theory has emerged online—but it might not be as crazy as it seems. The world's first billion-dollar company, U.S. Steel, is back up for sale after the once illustrious and powerful corporation rejected a takeover bid on Sunday from a rival steelmaker.

Is Tesla trying to buy U.S. Steel? The rumor mill churns on Elon Musk's next “X”

Privately held and Pittsburgh-based Esmark has announced an all-cash bid for United States Steel. Few saw that coming after an offer from Cleveland-Cliffs.

U.S. Steel Has a Surprise Second Bidder. Investors Seem Confused.

U.S. Steel previously rejected a cash-and-stock offer from rival Cleveland-Cliffs; Esmark says it will pay $35 a share in cash.

Esmark Bids for U.S. Steel, Setting Up Potential Battle for Steelmaker

Privately held Esmark Inc. said Monday it has made an offer for U.S. Steel Inc. X, +38.51% for $35 a share, and U.S. Steel stock shot nearly 40% higher in late trading. Esmark said that the initial offer period runs from Monday through Nov. 30, 2023, with the possibility of an extension.

Esmark makes $35 a share bid for U.S. Steel, U.S. Steel stock jumps 40%

SEWICKLEY, Pa.--(BUSINESS WIRE)--Esmark, Inc. announced today a voluntary public cash and exchange offer for all issued and outstanding shares in U.S. Steel Corporation (NYSE: X) (“U.S. Steel”) for $35 USD per share. The initial offer period runs from August 14, 2023, to November 30, 2023, and may be extended. Completion of the Offer is expected in Q4 2023, subject to regulatory and antitrust clearances. “With more than 40 years of steel industry experience, and as a former executive and statut.

Esmark Inc. Announces All-Cash Public Offer for U.S. Steel Shares

U.S. Steel said it has received multiple offers for either parts or all of its business. Cleveland-Cliffs made its offer public after the U.S. Steel board of directors rejected it.

Why U.S. Steel Stock Soared Today

Steel producer United States Steel Corporation (NYSE:X) rejected a $7.3 billion buyout offer from sector peer Cleveland-Cliffs (CLF).

Steel Stock Breaks Out After Rejecting Merger

U.S. Steel's shares surged on Monday after it rejected an unsolicited offer worth $7.25 billion Cleveland-Cliffs, and said it was reviewing strategic options.

US Steel Shares Surge After Rejecting $7.25 Billion Bid From Cleveland-Cliffs

Shares of US Steel soared Monday on news that rival Cleveland-Cliffs has proposed a purchase of the company, a move that would create the nation's largest steelmaker.

US Steel rejects buyout offer from rival Cleveland Cliffs

United States Steel Corporation (NYSE: X) opened more than 25% up this morning after rejecting a takeover bid from peer Cleveland-Cliffs Inc (NYSE: CLF). U.S. Steel dubs the bid ‘unreasonable' This past weekend, the largest North American producer of flat-rolled steel proposed to buy U.S. Steel for $17.50 per share in cash.

U.S. Steel stock jumps 25% after rejecting a takeover bid

Publicly traded United States Steel Corporation said it has launched a strategic review to consider selling all or part of the company.

U.S. Steel Shares Jump 25% After Rejecting $7.3 Billion Buyout Offer From Cleveland-Cliffs

U.S. Steel stock jumped early Monday as rejection of Cleveland-Cliffs' $7.3-billion offer signaled a new round of industry consolidation.

X Stock Jumps As U.S. Steel Spurns Deal With Cleveland-Cliffs

United States Steel (NYSE: X ) stock is rising higher on Monday after the company rejected a massive takeover offer. According to a press release from the company, it is not accepting the $7.3 billion buyout offer from Cleveland-Cliffs (NYSE: CLF ).

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