United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and co*ke. This segment serves customers in the service center, conversion, transportation, automotive, construction, container, appliance, and electrical markets. The Mini Mill segment provides hot-rolled, cold-rolled, and coated sheets and electrical steel products. This segment serves customers in the automotive, construction, pipe and tube, sheet converter, electrical, solar industrial equipment, and service center markets. The USSE segment provides slabs, strip mill plates, sheets, tin mill products, and spiral welded pipes. This segment serves customers in the construction, container, appliance and electrical, service center, conversion, oil, gas, and petrochemical markets. The Tubular segment offers seamless and electric resistance welded steel casing and tubing products, as well as standard and line pipe and mechanical tubing products primarily to customers in the oil, gas, and petrochemical markets. It also engages in the real estate business. United States Steel Corporation was founded in 1901 and is headquartered in Pittsburgh, Pennsylvania.
Is United States Steel stock a Buy, Sell or Hold? United States Steel stock has received a consensus rating of hold. The average rating score is and is based on 9 buy ratings, 16 hold ratings, and 3 sell ratings.
According to our current X stock forecast, the value of United States Steel shares will drop by -2.29% and reach $ 39.82 per share by August 6, 2024. Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 39 (Fear).
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On average, costs are down approximately 25% from the third quarter of 2022 and 35% from the end of 2020. Forecasts for the price of steel are mixed for the second half of the year.
India Iron Steel Market Size was valued at USD 180.8 Billion in 2022. The Iron Steel industry is projected to grow from USD 188.5 Billion in 2023 to USD 264.0 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.30% during the forecast period (2024 - 2032).
Japanese steelmaker Nippon agreed in December 2023 to acquire U.S. Steel at a 40 percent premium to its stock price. Although once a crown jewel of American industry, U.S. Steel in recent decades has shuttered factories, sold others, and exited segments of the industry.
Absolutely! Steel production can be energy-intensive, but some companies are adopting more sustainable practices. Look for companies investing in recycling or reducing their carbon footprint.
Blackrock Inc is the largest individual United States Steel shareholder, owning 20.40M shares representing 9.07% of the company. Blackrock Inc's United States Steel shares are currently valued at $831.20M.
Worldsteel forecasted steel demand will rebound by 1.7% to reach 1,793mt in 2024. The Brussels-based industry group estimated global steel demand to increase by 1.2% in 2025 to reach 1,815 Mt.
The United States Steel stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.
PITTSBURGH--(BUSINESS WIRE)-- United States Steel Corporation (NYSE: X) today provided second quarter 2024 adjusted net earnings per diluted share guidance of $0.76 to $0.80. Second quarter 2024 adjusted EBITDA is expected to be approximately $425 million.
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Who owns United States Steel? United States Steel (NYSE: X) is owned by 85.35% institutional shareholders, 3.08% United States Steel insiders, and 11.57% retail investors. Blackrock Inc is the largest individual United States Steel shareholder, owning 20.40M shares representing 9.07% of the company.
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