Company Summary
Pittsburgh, PA-based United States Steel Corp. is a leading steel manufacturer in the United States and the fifth largest in the world. It produces and sells steel mill products – including flat-rolled and tubular products – in North America and Europe. U.S. Steel has an annual raw steel production capacity of 22.4 million net tons. The company has been removed from the S&P 500 effective July 1, 2014.
United States Steel reports in five segments including Flat-Rolled Product, Mini Mill, U.S. Steel Europe (USSE), Tubular Products and Other Businesses.
Flat-Rolled Product (56% of 2023 steel shipments): The Flat-Rolled Product segment manufactures sheets, plates and tin mill products for the automotive, appliance, service center, conversion, container and construction markets. Operations of the unit are structured to address customer needs through three commercial entities that are focused on customers in automotive, consumer and industrial, service center and mining industries. Flat-rolled has an annual raw steel production capacity of 13.2 million tons.
Mini Mill (16%): The company added the segment after Jan 15, 2021 with the purchase of the remaining stake in Big River Steel.
USSE (25%): USSE sells sheets, plates, tin mills, tubulars, precision tubes, specialty steel products and coke to end-markets such as construction, conversion, appliance and transportation in Central, Western and Southern Europe. USSE has an annual raw steel production capacity of 5 million tons.
Tubular Products (3%): This segment is made up of domestic tubular production facilities. It provides seamless and electric resistant welded tubular products to the oil, gas and petrochemical markets. This division has the capacity to produce 1.9 million tons of tubular products.
Other Businesses: This segment is involved in the production and sale of iron-bearing taconite pellets, transportation services, management and development of real estate and engineering and consulting services.