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The United States Steel Corporation is an American steel company based in Pittsburgh, Pennsylvania, with production facilities in the U.S. and Central Europe.. The company produces and sells steel products, including flat-rolled and tubular products for customers in industries across automotive, construction, consumer, electrical, industrial equipment, distribution, and energy.
The capital and resources from this investment will modernize U.S. Steel’s facilities, create jobs and enhance our nation’s competitiveness across the globe.
An arbitration board has ruled that U.S. Steel may proceed with its proposed acquisition by Nippon Steel, a deal that faces strong opposition from its workforce. The board, which was jointly ...
The steelmaker's CEO David Burritt told WSJ the nearly $3 billion Nippon had pledged to invest in U.S. Steel's older mills was crucial to remain competitive and maintain workers' jobs. "We wouldn ...
David Boyd Burritt (born c. 1955) is an American businessman who is CEO of U.S. Steel.Prior to joining U.S. Steel, Burritt spent over three decades at Caterpillar Inc. As head of U.S. Steel, Burritt has overseen the reopening of the Granite City Works steel mill, the acquisition of Big River Steel, and investments in sustainable steel production.
While CEO of United States Steel in 2008, John P. Surma earned a total compensation of $11,130,689, which included a base salary of $1,218,336, a cash bonus of $3,250,000, stocks granted of $4,174,028, options granted of $2,233,336, and other compensation of $254,989.
Nippon Steel is the world’s fourth-biggest steelmaker, while US Steel is 24th. Since 2010, US Steel has lost money eight years out of 14. Its stock price is down 41% since 2010, while the S&P ...
Nippon Steel was standing firm on its proposed $15 billion acquisition of U.S. Steel, Chief Executive Eiji Hashimoto said Tuesday after President Joe Biden’s blocked the top Japanese steelmaker ...