NYSE:X

United States Steel Corporation Declares Dividend

Retrieved on: 
Thursday, May 2, 2024
Steel, Manufacturing, U.S. Steel, Iron, Safety

United States Steel Corporation (NYSE: X) (“U.

Key Points: 
  • United States Steel Corporation (NYSE: X) (“U.
  • S. Steel”) announced today that its Board of Directors declared a dividend of $0.05 per share of U. S. Steel Common Stock.
  • Founded in 1901, United States Steel Corporation is a leading steel producer.
  • U. S. Steel is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe.

U. S. Steel Battery-Powered Locomotives Receive “Governor’s Award for Environmental Excellence” from the Pennsylvania Department of Environmental Protection

Retrieved on: 
Wednesday, May 1, 2024
White House, Federal Government, Alternative Energy, State, Local, Green Technology, Energy, Manufacturing, Technology, EV, Electric Vehicles, Batteries, Environment, Public Policy, Government, Rail, Transport, Other Manufacturing, Automotive, Steel, DEP, Conservation, Locomotive, Nature, Particulates, Coke, Driving, Biophysical environment, Forward, Partnership, U.S. Steel, Environmental protection, Multimedia, Interim, Natural Resources, Edgar Thomson Steel Works, Monongahela River

S. Steel” or the “Company”) (NYSE: X) received the “Governor’s Award for Environmental Excellence” from the Pennsylvania Department of Environmental Protection (DEP) for converting two of its diesel locomotives to battery power.

Key Points: 
  • S. Steel” or the “Company”) (NYSE: X) received the “Governor’s Award for Environmental Excellence” from the Pennsylvania Department of Environmental Protection (DEP) for converting two of its diesel locomotives to battery power.
  • The locomotives are located at the Mon Valley Works’ Edgar Thomson and Clairton Plants where they are used for carrying steel, coke, scrap metal, iron ore, and other materials necessary for production.
  • The switch to battery-powered locomotives is expected to reduce airborne particulate matter (PM2.5) emissions at the facilities by .385 tons - the equivalent emissions of 7,000 gasoline-powered passenger vehicles.
  • U. S. Steel invested more than $2.3 million in the locomotives while the remaining cost was offset through a partnership with the DEP.

United States Steel Corporation to Release First Quarter 2024 Financial Results on May 2, 2024

Retrieved on: 
Tuesday, April 16, 2024
Professional Services, Manufacturing, Steel, Finance, U.S. Steel, Iron, Nippon Steel, Safety

S. Steel”) today announced that it will release financial results for the first quarter 2024 on Thursday, May 2, 2024, following the close of trading on the New York Stock Exchange.

Key Points: 
  • S. Steel”) today announced that it will release financial results for the first quarter 2024 on Thursday, May 2, 2024, following the close of trading on the New York Stock Exchange.
  • As previously announced, on December 18, 2023, the company entered into a definitive merger agreement to be acquired by Nippon Steel Corporation.
  • Founded in 1901, United States Steel Corporation is a leading steel producer.
  • U. S. Steel is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe.

U. S. Steel Stockholders Approve Transaction with Nippon Steel Corporation (NSC)

Retrieved on: 
Friday, April 12, 2024
Steel, Manufacturing, Goldman Sachs, NSC, Nippon Steel, U.S. Steel, Evercore, Special, Face

Following the special meeting of stockholders (the “Special Meeting”) held earlier today, United States Steel Corporation (NYSE: X) (“U.

Key Points: 
  • Following the special meeting of stockholders (the “Special Meeting”) held earlier today, United States Steel Corporation (NYSE: X) (“U.
  • S. Steel”) announced that, based on the preliminary vote count, U. S. Steel stockholders overwhelmingly voted to approve the proposed merger with Nippon Steel Corporation (NSC) (TSE: 5401).
  • And we will maintain the U. S. Steel name and Pittsburgh headquarters, with even more capital to invest in Pennsylvania.
  • Barclays Capital Inc., Goldman Sachs & Co. LLC and Evercore Inc. are serving as financial advisors to U. S. Steel.

U. S. Steel and CarbonFree Sign Definitive Agreement to Capture Carbon Dioxide Emissions at One of the Largest North American Integrated Steel Mills

Retrieved on: 
Wednesday, April 3, 2024
Chemicals, Plastics, Environment, Manufacturing, Sustainability, Green Technology, Steel, Atmosphere, U.S. Steel, Paint, Carbon accounting, Partnership, Calcium carbonate, History, Carbon footprint, Transport, Carbon, Senior, Plastic, Fluor Corporation, Multimedia, Skycycle, Gary Works, Paper, Boilermaker

United States Steel Corporation (U. S. Steel) (NYSE: X) and CarbonFree , a leader in carbon capture technology, today announced the signing of a definitive agreement to capture carbon emissions generated from U. S. Steel’s Gary Works Blast Furnaces in a first-of-its-kind project.

Key Points: 
  • United States Steel Corporation (U. S. Steel) (NYSE: X) and CarbonFree , a leader in carbon capture technology, today announced the signing of a definitive agreement to capture carbon emissions generated from U. S. Steel’s Gary Works Blast Furnaces in a first-of-its-kind project.
  • Photo Credit: Fluor Corporation
    U. S. Steel’s involvement aligns with its goal of reducing greenhouse gas emissions intensity 20% by 2030 and achieving net-zero emissions by 2050.
  • In addition, the initial SkyCycle project responds to the increasing demand for low emissions products, such as verdeX™ advanced sustainable steel, from customers.
  • “At CarbonFree, we are pioneering profitable carbon capture utilization through disruptive specialty chemical manufacturing using waste carbon dioxide as a primary feedstock.

Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend U. S. Steel Shareholders Vote “FOR” the Pending Transaction with Nippon Steel Corporation (NSC)

Retrieved on: 
Friday, March 29, 2024
Steel, Manufacturing, Institutional Shareholder Services, U.S. Steel, Glass Lewis, Goldman Sachs, CLF, USS, Proxy, Risk, Nippon Steel, Evercore, Cleveland-Cliffs, ISS, NSC, Barclays

S. Steel”) today announced that leading independent proxy advisory firms Institutional Shareholder Services (“ISS”) and Glass Lewis & Co. (“Glass Lewis”) have recommended that U. S. Steel shareholders vote “FOR” the pending transaction with Nippon Steel Corporation (“NSC”) (TSE: 5401) at the upcoming special meeting on April 12, 2024.

Key Points: 
  • S. Steel”) today announced that leading independent proxy advisory firms Institutional Shareholder Services (“ISS”) and Glass Lewis & Co. (“Glass Lewis”) have recommended that U. S. Steel shareholders vote “FOR” the pending transaction with Nippon Steel Corporation (“NSC”) (TSE: 5401) at the upcoming special meeting on April 12, 2024.
  • “There is no doubt that the offer represents a meaningful premium for shareholders resulting from a thorough and competitive sales process.
  • Importantly, U. S. Steel will retain its headquarters in Pittsburgh, Pennsylvania and together with NSC will bolster and grow U. S. Steel in the U.S. market in a way that prioritizes our talented employees and union members.
  • Milbank LLP and Wachtell, Lipton, Rosen & Katz are acting as legal advisors.

U. S. Steel Consent Decree for Clairton Plant Incidents Authorized by Environmental Protection Agency and Department of Justice

Retrieved on: 
Tuesday, March 26, 2024
Environment, Manufacturing, Environmental Issues, Green Technology, Environmental Health, Steel, Allegheny County, Pennsylvania, Consent, Letter, U.S. Steel, U.S. EPA, Public, Consent decree, Edgar Thomson Steel Works, DOJ, Plant, Clairton, Pennsylvania, Coke, Monongahela River, United States district court, Hydrogen, Safety, Economic development, Iron

United States Steel Corporation (NYSE: X) has received authorization for its multi-million-dollar Consent Decree from the United States Environmental Protection Agency (U.S. EPA) and the United States Department of Justice (DOJ).

Key Points: 
  • United States Steel Corporation (NYSE: X) has received authorization for its multi-million-dollar Consent Decree from the United States Environmental Protection Agency (U.S. EPA) and the United States Department of Justice (DOJ).
  • The January 2024 Consent Decree with the Allegheny County Health Department, Clean Air Council, and PennEnvironment addressed the Clairton Plant fire in 2018, and power outages at the Plant in 2019 and 2022.
  • Project funds will be managed and distributed by the Jefferson Regional Foundation and Allegheny County Department of Economic Development.
  • On March 20, 2024, DOJ issued a letter stating that they had no objections to the Consent Decree.

UNITED STATES STEEL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of United States Steel Corporation - X

Retrieved on: 
Thursday, March 21, 2024
Legal, Professional Services, KSF, Nippon Steel, U.S. Steel, Sale, Steel

and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of United States Steel Corporation (“US Steel”) (NYSE: X) to Nippon Steel Corporation.

Key Points: 
  • and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of United States Steel Corporation (“US Steel”) (NYSE: X) to Nippon Steel Corporation.
  • Under the terms of the proposed transaction, shareholders of US Steel will receive $55.00 in cash for each share of US Steel that they own.
  • KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
  • To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .

United States Steel Honors Employees for Community Service with Donations to Charitable Organizations

Retrieved on: 
Wednesday, March 20, 2024
Steel, Professional Services, Philanthropy, Manufacturing, Mining, Minerals, Machine Tools, Metalworking & Metallurgy, Fund Raising, Environmental, Social and Governance (ESG), Other Philanthropy, Natural Resources, Volunteer of the Year, Organization, Culture, U.S. Steel, Volunteering, Veteran, Environment, Edgar Thomson Steel Works, Athlete, Student, Service, Safety, Firefighter, EMS, Gary Works, Fire department, Multimedia, Iron

S. Steel”) named its Volunteer of the Year along with 12 Service Champions for their community service in 2023 as part of the company’s United by Service initiative.

Key Points: 
  • S. Steel”) named its Volunteer of the Year along with 12 Service Champions for their community service in 2023 as part of the company’s United by Service initiative.
  • To honor the winners, U. S. Steel is donating to the charitable organization of each employee’s choice.
  • Tyrell Anderson, an operational excellence engineer at U. S. Steel Gary Works in Gary, Indiana, was named the United by Service 2023 Volunteer of the Year.
  • U. S. Steel is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe.