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Chris Isidore, CNN. December 18, 2023 at 7:49 PM. U.S. Steel. US Steel has agreed to be bought by Nippon Steel, Japan’s largest steelmaker, in a $14.1 billion deal. The deal marks the latest ...
The $14.9 billion sale of iconic steelmaker US Steel ( X) to Japan’s Nippon Steel ends months of speculation over industry consolidation in a move criticized by union workers, but seen by one ...
That compares to 14.49 million metric tons from US Steel, including its operations in Europe, which rank 27th in the world for 2022, according to the World Steel Association. US Steel didn’t ...
Total equity. US$11.047 billion (2023) [6] Number of employees. 21,803 [6] ( 2023) Website. USSteel.com. United States Steel Corporation, more commonly known as U.S. Steel, is an American integrated steel producer headquartered in Pittsburgh, Pennsylvania, with production operations primarily in the United States of America and in Central Europe.
US Steel's annual revenue grew from $12.93 billion in 2019 to $21.06 billion in 2022, when the the price of the underlying commodity reached a record of almost $2000 per ton during the pandemic.
On December 18, 2023, it was announced that Japanese steelmaker Nippon Steel (NSC) would acquire Pittsburgh –based U.S. Steel, a steel-producing company that was once the largest corporation in the world. [1] Under the deal, Nippon Steel would acquire the company for $14.1 billion, which totals to $14.9 billion when including the assumption ...
May 2017-. Predecessor. Mario Longhi. Board member of. Lockheed Martin (since 2008) Spouse. Lynn Burritt. David Boyd Burritt (born c. 1955) is an American businessman. He has been the chief executive officer of U.S. Steel since May 2017.
U.S. Steel, the Pittsburgh steel producer that played a key role in the nation's industrialization, is being acquired by Nippon Steel in an all-cash deal valued at approximately $14.1 billion.