US Steel

Organization

An American integrated steel producer. Its proposed acquisition by Japan's Nippon Steel is a central topic in the discussion about U.S. industrial policy and national champions.


entitydetail.created_at

7/19/2025, 6:43:32 PM

entitydetail.last_updated

7/22/2025, 5:37:42 AM

entitydetail.research_retrieved

7/19/2025, 6:51:55 PM

Summary

The United States Steel Corporation, commonly known as U.S. Steel, is an American steel company headquartered in Pittsburgh, Pennsylvania. It produces flat-rolled and tubular steel products, along with operating iron ore and coke production facilities. Historically, U.S. Steel was formed in early 1901 by J.P. Morgan, merging Andrew Carnegie's Carnegie Steel Corporation with nine other companies, initially capitalized at $1.4 billion. It was a component of the Dow Jones Industrial Average from 1901 to 1991 and an original member of the S&P 500 from 1957 to 2014. In 2022, it was the second-largest steel producer in the U.S. and 24th globally. The company was previously known as USX Corporation from 1986 until it reverted to U.S. Steel in 2001 after divesting its energy assets. On June 18, 2025, U.S. Steel became a wholly owned subsidiary of Nippon Steel following a $14.9 billion acquisition, a deal that faced initial opposition from labor unions and the Biden administration, leading to a lawsuit before its finalization with a federal government oversight role via a golden share. This merger was also a topic of discussion on the "All-In Podcast," highlighting debates on industrial strategy and "National Champions."

Referenced in 1 Document
Research Data
Extracted Attributes
  • Status

    Wholly owned subsidiary of Nippon Steel

  • Products

    Flat-rolled steel, tubular steel, iron ore, coke

  • Former Name

    USX Corporation

  • Headquarters

    Pittsburgh, Pennsylvania, USA

  • Phone Number

    (412) 433-1121

  • Corporate Address

    600 Grant Street, Pittsburgh, PA 15219, USA

  • US Ranking (2022)

    2nd largest steel producer

  • Global Ranking (2008)

    8th largest steel producer

  • Global Ranking (2022)

    24th largest steel producer

  • Initial Capitalization (1901)

    $1.4 billion

  • Acquisition Value (by Nippon Steel)

    $14.9 billion

Timeline
  • Formed as United States Steel Corporation by J.P. Morgan, merging Andrew Carnegie's Carnegie Steel Corporation with nine other companies, capitalized at $1.4 billion. (Source: Web Search Results)

    1901-XX-XX

  • Listed as a component of the Dow Jones Industrial Average. (Source: Wikipedia)

    1901-04-01

  • Became an original member of the S&P 500 index. (Source: Wikipedia)

    1957-XX-XX

  • Renamed USX Corporation. (Source: Wikipedia)

    1986-XX-XX

  • Removed from the Dow Jones Industrial Average under its USX Corporation name. (Source: Wikipedia)

    1991-05-03

  • Reverted to U.S. Steel after divesting its energy assets, including Marathon Oil. (Source: Summary, Wikipedia)

    2001-XX-XX

  • Ranked eighth among global steel producers. (Source: Wikipedia)

    2008-XX-XX

  • Removed from the S&P 500 index due to declining market capitalization. (Source: Wikipedia)

    2014-07-02

  • Ranked 24th among global steel producers and second-largest in the U.S. behind Nucor. (Source: Summary, Wikipedia)

    2022-XX-XX

  • Nippon Steel announced a $14.9 billion acquisition of U.S. Steel. (Source: Wikipedia)

    2023-12-XX

  • The Biden administration formally blocked the acquisition by Nippon Steel, leading to a lawsuit from U.S. Steel and Nippon Steel. (Source: Summary, Wikipedia)

    2025-01-XX

  • Acquisition by Nippon Steel was finalized, making U.S. Steel a wholly owned subsidiary of Nippon Steel North America, with a federal government oversight role through a golden share. (Source: Summary, Wikipedia)

    2025-06-18

U.S. Steel

The United States Steel Corporation is an American steel company based in Pittsburgh, Pennsylvania. It is a wholly owned subsidiary of Nippon Steel that maintains production facilities at several additional locations 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. Operations also include iron ore and coke production facilities. U.S. Steel ranked eighth among global steel producers in 2008 and 24th by 2022, remaining the second-largest in the U.S. behind Nucor. Renamed USX Corporation in 1986, it reverted to U.S. Steel in 2001 after spinning off its energy assets, including Marathon Oil. In December 2023, Nippon Steel announced a $14.9 billion acquisition of U.S. Steel, retaining its name and Pittsburgh headquarters. The deal faced opposition from the United Steelworkers, the Trump presidential campaign, and the Biden administration, which formally blocked it in January 2025. U.S. Steel and Nippon Steel sued the administration, claiming the block was unlawful. The acquisition was finalized on June 18, 2025, making U.S. Steel a subsidiary of Nippon Steel North America, with an oversight role for the federal government of the United States through a golden share.

Web Search Results
  • U.S. Steel - Wikipedia

    The United States Steel Corporation is an American steel company based in Pittsburgh, Pennsylvania. It is a wholly owned subsidiary of Nippon Steel that maintains production facilities at several additional locations in the U.S. and Central Europe. The company produces and sells steel products, including flat-rolled "Rolling (metalworking)") and tubular products for customers in industries across automotive, construction, consumer, electrical, industrial equipment, distribution, and energy. [...] U.S. Steel is a former Dow Jones Industrial Average component, listed from April 1, 1901, to May 3, 1991. It was removed under its USX Corporation name with Navistar International and Primerica. An original member of the S&P 500 since 1957, U.S. Steel was removed from that index on July 2, 2014, due to declining market capitalization. [...] U.S. Steel ranked eighth among global steel producers in 2008 and 24th by 2022, remaining the second-largest in the U.S. behind Nucor. Renamed USX Corporation in 1986, it reverted to U.S. Steel in 2001 after spinning off its energy assets, including Marathon Oil. In December 2023, Nippon Steel announced a $14.9 billion acquisition of U.S. Steel, retaining its name and Pittsburgh headquarters. The deal faced opposition from the United Steelworkers, the Trump presidential campaign, and the Biden

  • Andrew Carnegie Steel Tycoon Industry - Bill of Rights Institute

    Early in 1901, J. P. Morgan, the country’s most powerful banker, merged Andrew Carnegie’s Carnegie Steel Corporation with nine other steel companies to form the world’s largest corporation. The United States Steel Corporation, usually known as U.S. Steel or simply Big Steel, was capitalized at $1.4 billion. To get a sense of how big a sum that was at the turn of the twentieth century, consider that the federal government that year spent only $517 million. The creation of U.S. Steel was the [...] In 1860, the United States had produced only 13,000 tons of steel. In 1880, it produced 1,467,000 tons. Twenty years later, it produced 11,227,000 tons, more than England and Germany combined. By that time, steel was the measure of a country’s industrial might, and Carnegie was primarily responsible for American strength in steel production. He left the employ of the Pennsylvania Railroad to devote himself full time to overseeing the production of iron and steel. But he was careful to maintain [...] Schwab went to see Carnegie at a cottage Carnegie maintained at St. Andrews Golf Course north of New York City, and over a game of golf, Carnegie agreed to sell U.S. Steel to Morgan for $492,000,000. When Carnegie shook hands with Morgan later, the latter said, “Congratulations on becoming the richest man in the world.” Carnegie had come a long way from his first job as a bobbin boy making $1.20 a week.

  • Company Information :: United States Steel Corporation (X)

    Big River Steel is now part of U. S. Steel, bringing mini mill leadership, a LEED-certified steel mill and an innovator’s mentality to our drive to be a leader in sustainable steelmaking and products. uss-logo-footer uss-logo-footer uss-logo-footer United States Steel Corporation Corporate Headquarters 600 Grant Street Pittsburgh, PA 15219 For general inquiries, contact the U. S. Steel Operator. Phone: (412) 433-1121 8 a.m. - 5 p.m. Eastern Monday - Friday [...] # Navigation ### BUILDING THE FUTURE OF STEEL. Learn about U. S. Steel—from our direction, our people and passion for innovation to our community philosophy, ethics policies, locations and more. Learn about U. S. Steel—from our direction, our people and passion for innovation to our community philosophy, ethics policies, locations and more. BUILDING THE FUTURE OF STEEL. ### OUR FOCUS. CUSTOMER SUCCESS. [...] The transformation of U. S. Steel continues as we focus on delivering sustainable, visionary steel solutions that serve customers and communities, people and planet. ### NEW & NOTEWORTHY ### NIPPON STEEL AND U. S. STEEL – MOVING FORWARD TOGETHER TO BE THE BEST STEELMAKER WITH WORLD-LEADING CAPABILITIES NIPPON STEEL AND U. S. STEEL – MOVING FORWARD TOGETHER TO BE THE BEST STEELMAKER WITH WORLD-LEADING CAPABILITIES WATCH VIDEO WATCH VIDEO

  • News Releases :: United States Steel Corporation (X)

    Big River Steel is now part of U. S. Steel, bringing mini mill leadership, a LEED-certified steel mill and an innovator’s mentality to our drive to be a leader in sustainable steelmaking and products. uss-logo-footer uss-logo-footer uss-logo-footer United States Steel Corporation Corporate Headquarters 600 Grant Street Pittsburgh, PA 15219 For general inquiries, contact the U. S. Steel Operator. Phone: (412) 433-1121 8 a.m. - 5 p.m. Eastern Monday - Friday [...] # Navigation ### BUILDING THE FUTURE OF STEEL. Learn about U. S. Steel—from our direction, our people and passion for innovation to our community philosophy, ethics policies, locations and more. Learn about U. S. Steel—from our direction, our people and passion for innovation to our community philosophy, ethics policies, locations and more. BUILDING THE FUTURE OF STEEL. ### OUR FOCUS. CUSTOMER SUCCESS. [...] The transformation of U. S. Steel continues as we focus on delivering sustainable, visionary steel solutions that serve customers and communities, people and planet. ### NEW & NOTEWORTHY ### NIPPON STEEL AND U. S. STEEL – MOVING FORWARD TOGETHER TO BE THE BEST STEELMAKER WITH WORLD-LEADING CAPABILITIES NIPPON STEEL AND U. S. STEEL – MOVING FORWARD TOGETHER TO BE THE BEST STEELMAKER WITH WORLD-LEADING CAPABILITIES WATCH VIDEO WATCH VIDEO

  • The Rise of the US Steel Industry - National Academy of Engineering

    Even with all the trade challenges, legacy costs, and cultural misconceptions, the US steel industry is ­aggressively pursuing new technologies, new materials, and new processes. The US steel industry is competitive and capable of reducing the impact of steelmaking on the climate. [...] US steelmakers are the world leaders in making steel efficiently, using less energy and labor and fewer raw ­materials than competitors, and to the highest performance standards. The challenges for the industry are the costs of ­public policy and the exploita­tion of globalization by ­others to gain market dominance through nonmarket practices. In the US economy, goods-­producing industries comprised 17.6% of the GDP in the first quarter of 2023, and services were 70.9%. Manufacturing is only [...] The Ascent of Steel in the United States The use of steel in the US economy has grown since the late nineteenth century, as shown in figure 1. The increase was due both to wider applications of steel from 1800 to the 1950s and the increase in population during that period and continuing until today. Today the per-capita use of steel in the United States is around 800 kg (1800 lb) per person.

Location Data

US Steel (MinnTac), 8771, Park Ridge Drive, Mountain Iron, Saint Louis County, Minnesota, 55768, United States

house

Coordinates: 47.5376555, -92.6173758

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