About United States Steel

United States Steel Corporation produces and sells steel products, including flat-rolled and tubular products, in North America and Europe. Operations in the United States also include iron ore and coke production facilities and real estate operations. Operations in Europe also include coke production facilities. During 2023, the company had annual raw steel production capability of 22.4 million net tons (17.4 million tons in North America and 5.0 million tons in Europe). The company performs a wide range of applied research, development, and technical support functions at facilities in Pennsylvania, Michigan, Texas, and Slovakia. The company supplies customers throughout the world primarily in the automotive, construction, consumer (packaging and appliance), electrical, industrial equipment, service center/distribution, structural tubing and energy (oil country tubular goods (OCTG) and line pipe) markets. Segments The company operates through four segments: North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE) and Tubular Products (Tubular). The Mini Mill segment reflects the full ownership of Big River Steel after January 15, 2021, when the company purchased the remaining equity interest in Big River Steel that it did not previously own, and a second mini mill under construction in Osceola, Arkansas. The Tubular segment includes the electric arc furnace at the company’s Fairfield Tubular Operations in Fairfield, Alabama. The Other category includes results of the company’s real estate business, the previously held equity method investment in Big River Steel. Flat-Rolled The Flat-Rolled segment includes the operating results of the company’s integrated steel plants and equity investees in North America involved in the production of slabs, strip mill plates, sheets and tin mill products, as well as all iron ore, direct reduced grade pellets, pig iron, and coke production facilities in the United States. These operations primarily serve North American customers in the automotive, appliance, construction, container, pipe and tube, sheet converter, solar, industrial equipment, and service center markets. During 2023, Flat-Rolled had aggregate annual raw steel production capability of 13.2 million tons at the company’s Gary Works, Mon Valley Works, and Granite City Works facilities. In December 2021, U. S. Steel permanently idled the steelmaking operations at Great Lakes Works which reduced the company's overall annual raw steel production capability by 3.8 million net tons. Raw steel production was 9.4 million tons in 2023. Raw steel production averaged 71 percent of capability in 2023. Mini Mill The Mini Mill segment includes the operating results of U. S. Steel's Big River Steel facility and a second mini mill under construction in Osceola, Arkansas. The Mini Mill segment produces hot-rolled, cold-rolled and coated sheets and electrical steels. This operation primarily serves North American customers in the automotive, construction, container, pipe and tube, sheet converter, electrical, solar, industrial equipment, and service center markets. Mini Mill has aggregate annual raw steel production capability of 3.3 million tons at the company’s Big River Steel facility. Raw steel production was 3.0 million tons in 2023. Raw steel production averaged 89 percent of capability in 2023. European Operations The USSE segment includes the operating results of U. S. Steel Košice (USSK), the company’s integrated steel plant and coke production facilities in Slovakia, and its subsidiaries. USSE conducts its business mainly in Central and Western Europe and primarily serves customers in the European transportation (including automotive), construction, container, appliance, electrical, service center, conversion and oil, gas and petrochemical markets. USSE produces and sells slabs, strip mill plate, sheet, tin mill products and spiral welded pipe. USSE has annual raw steel production capability of 5.0 million tons. USSE’s raw steel production was 4.4 million tons in 2023. USSE’s raw steel production averaged 88 percent of capability in 2023. Tubular The Tubular segment includes the operating results of U. S. Steel’s tubular production facilities and an equity investee in the United States. These operations can produce and sell rounds, seamless and electric resistance welded (ERW) steel casing and tubing (commonly known as OCTG), and standard and line pipe and mechanical tubing and primarily serve customers in the oil, gas, and petrochemical markets. The Tubular segment has annual raw steel production capability of 900 thousand tons. Raw steel production was 568 thousand tons in 2023. Raw steel production averaged 63 percent of capability in 2023. Environmental Matters The company’s U.S. facilities are subject to environmental laws applicable in the U.S., including the Clean Air Act (CAA), the Clean Water Act (CWA), the Resource Conservation and Recovery Act (RCRA) and the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA), as well as state and local laws and regulations. Business Strategy The company is executing on its customer-centric Best for All strategy to provide customers with profitable steel solutions for people and planet. The company’s strategy focuses on developing quality products and customer process solutions by investing where it has capability competitive advantages. The company’s strategy is informed by its critical success factors, which are the bedrock of the Best for All strategy, such as Win in Strategic Markets; Move Up the Talent Curve; and Move Down the Cost Curve. The company evaluates potential strategic and organizational opportunities, which might include the acquisition, divestiture or consolidation of assets. The company’s commercial strategy focuses on providing customer-centric solutions with differentiated and value-added steel products, which include advanced high strength steels, such as its newer grades of generation 3 (GEN3) steel, coated sheets for the automotive and appliance industries, electrical steel sheets for the manufacture of motors and electrical equipment, both bare and prepainted galvanized and Galvalume sheets for construction, heavy gauge hot rolled coils used in the production of construction and agricultural-related heavy machinery, as well as skelp for line pipe used for energy transmission, as well as extraction, tin mill products for the packaging industry and OCTG pipe, connections, accessories and rig site services for use in drilling for oil and gas. In addition, the company’s portfolio of customers serves a variety of different traditional and emerging industries meeting the needs of numerous markets. The company leverages its Best for All strategy to develop and commercialize its low-carbon footprint and advanced high-strength steels for its customers. The company's five-year plan includes plans to develop and commercialize numerous differentiated grades of low-carbon footprint, high rate of recycled-content steels, providing compelling new options for customers in automotive, appliance, industrial equipment, construction, renewable energy, and other markets to enhance the sustainability of their products. Regulations While the company’s operations are subject to several different Clean Air Act (CAA) rules and categories of National Emission Standards for Hazardous Air Pollutants (NESHAP) and Maximum Achievable Control Technology (MACT) standards, the principal impact of these standards on U. S. Steel's operations includes those that are specific to coke making, iron making, steel making and iron ore processing. History United States Steel Corporation, a Delaware corporation, was founded in 1901.