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Profile: United States Steel Corp (X.N)

X.N on New York Stock Exchange

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14 Jun 2019
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United States Steel Corporation, incorporated on May 25, 2001, is an integrated steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular). The Company's other businesses include railroad services and real estate operations. As of December 31, 2016, it owned, developed and managed various real estate assets, including approximately 50,000 acres of surface rights primarily in Alabama, Illinois, Michigan, Minnesota and Pennsylvania. In addition, the Company holds ownership interests in joint ventures that are developing real estate projects in Alabama.

Flat-Rolled

The Company's Flat-Rolled segment includes the operating results of its integrated steel plants and equity investees in the United States involved in the production of slabs, strip mill plates, sheets and tin mill products, as well as all iron ore and coke production facilities in the United States. These operations primarily serve North American customers in the service center, conversion, transportation (including automotive), construction, container, and appliance and electrical markets. Its Flat-Rolled segment commercial entities include automotive, consumer and industrial, and service center and mining. Automotive solutions collaborates with customers to develop solutions, such as the advanced high strength steel (AHSS) to address challenges facing the automotive industry.

The Company's consumer solutions partners with customers in the appliance, packaging, container and construction markets. Additional product lines within the market category include the Company's COR-TEN AZP, ACRYLUME, GALVALUME and Weathered Metals Series. As of December 31, 2016, its Flat-Rolled segment had an annual raw steel production capacity of 17 million tons produced at its Gary Works, Mon Valley Works, Great Lakes Works and Granite City Works facilities.

U. S. Steel Europe

The USSE segment includes the operating results of U. S. Steel Kosice (USSK), U. S. Steel's integrated steel plant and coke production facilities in Slovakia. As of December 31, 2016, this facility had two coke batteries, four sintering strands, three blast furnaces, four steelmaking vessels, a vacuum degassing unit, two dual strand casters, a hot strip mill, two pickling lines, two cold reduction mills, four annealing facilities, a temper mill, a temper/double cold reduction mill, three hot dip galvanizing lines, two tin coating lines, three dynamo lines, a color coating line and two spiral welded pipe mills. USSK also has multiple slitting, cutting and other finishing lines for flat products. Principal products include hot-rolled, cold-rolled and coated sheets, tin mill products and spiral welded pipe.

The Company's USSK also has facilities for manufacturing heating radiators, refractory ceramic materials and has a power plant for internal steam and electricity generation. USSE primarily serves customers in the Eastern European construction, service center, conversion, container, transportation (including automotive), appliance and electrical, and oil, gas and petrochemical markets. USSE produces and sells slabs, sheet, strip mill plate, tin mill products and spiral welded pipe, as well as heating radiators and refractory ceramic materials. In addition, USSK has a research laboratory, which, in conjunction with its research and technology center, supports efforts in cokemaking, electrical steels, design and instrumentation, and ecology. As of December 31, 2016, USSE had an annual raw steel production capacity of five million tons.

Tubular

The Company's Tubular segment includes the operating results of its tubular production facilities, in the United States, and equity investees in the United States and Brazil. These operations produce and sell seamless and electrical resistance welded (welded) steel casing and tubing, commonly known as oil country tubular goods (OCTG), standard and line pipe and mechanical tubing and primarily serve customers in the oil, gas and petrochemical markets. As of December 31, 2016, the Tubular's annual production capability was 1.5 million tons. The Company, through its subsidiary, U. S. Steel Tubular Products, Inc. (USSTP), is engaged in designing and developing a range of premium and semi-premium connections to address the needs for technical solutions to its end users' well site production challenges. Through its subsidiary, USS Oilwell Services LLC, USSTP also offers rig site services, which provides the technical expertise for proper installation of its tubular products and connections at the well site.

The Company's wheeling machine products manufactures couplings used to connect individual sections of oilfield casing and tubing. It produces sizes ranging from 2.375 to 20 inches at two locations: Pine Bluff, Arkansas, and Hughes Springs, Texas. Its Tubular Processing, located in Houston, Texas, provides quench and temper and end-finishing services for oilfield production tubing. Offshore Operations, also located in Houston, Texas, provides threading, inspection, accessories and storage services to the OCTG market.

Company Address

United States Steel Corp

600 Grant St Room 1500
PITTSBURGH   PA   15219-2800
P: +1415.4332967
F: +1302.6365454

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