Articles from United States Steel Corporation

United States Steel Corporation (NYSEX) (“U. S. Steel”) announced today that its Board of Directors declared a dividend of $0.05 per share of U. S. Steel Common Stock. The dividend is payable on Wednesday, March 12, 2025, to stockholders of record at the close of business on Monday, February 10, 2025.

United States Steel Corporation (NYSEX) reported fourth quarter 2024 net loss of $89 million, or $0.39 per diluted share and adjusted net loss was $28 million, or $0.13 per diluted share. This compares to fourth quarter 2023 net loss of $80 million, or $0.36 per diluted share, and adjusted net earnings for the fourth quarter 2023 of $167 million, or $0.67 per diluted share.

United States Steel Corporation (NYSEX) (“U. S. Steel” or the “Company”) today issued the following statement in response to the submission by Ancora Catalyst Institutional, LP (“Ancora”), who has a reported 0.18% stake in the Company, of nine nominees to stand for election to the U. S. Steel Board of Directors at the Company’s 2025 Annual Meeting of Stockholders (“2025 Annual Meeting”):

United States Steel Corporation (NYSEX) (“U. S. Steel”) today announced that it will release financial results for the fourth quarter and full year 2024 on Thursday, January 30, 2025, following the close of trading on the New York Stock Exchange.

U. S. Steel (NYSEX) announced today that for a fifth consecutive year it has scored a perfect 100 on the Human Rights Campaign Foundation’s (HRCF) 2025 Corporate Equality Index (CEI), the leading corporate benchmarking tool for rating LGBTQ+ equality, and has been honored with HRCF’s Equality 100 Award as a Leader in LGBTQ+ Workplace Inclusion. This recognition reinforces U. S. Steel’s reputation as an organization dedicated to implementing and safeguarding policies, practices, and benefits ensuring greater equity for LGBTQ+ workers and their families.

Nippon Steel Corporation ("Nippon Steel") (TSE: 5401) and United States Steel Corporation ("U. S. Steel") (NYSEX) today issued the following statement on President Biden’s decision to block their proposed transaction.

U. S. Steel is pleased to announce that following the closing of its transaction with Nippon Steel, it plans to create a workforce training center with a multi-million dollar grant to support workforce development in Western Pennsylvania. This center will partner with local universities, colleges, trade schools and economic development organizations to help train the workforce of tomorrow.

United States Steel Corporation (NYSEX) today provided fourth quarter 2024 adjusted net earnings per diluted share guidance of ($0.29) to ($0.25). Fourth quarter 2024 adjusted EBITDA is expected to be approximately $150 million.

Employees of United States Steel Corporation (NYSEX) (“U. S. Steel”) today will host a rally at the U. S. Steel Mon Valley Works Clairton Plant in support of the Nippon Steel transaction. Represented and non-represented employees, along with community members and local elected officials, will gather to reinforce their support for the transaction. They will again call on officials across the nation to recognize the significant benefits this transaction holds for employees and other stakeholders and to advocate for regulatory reviews to be focused on the merits of the deal. Earlier this week, Nippon Steel announced that all eligible USW-represented U. S. Steel employees and eligible non-represented employees will receive a $5,000 bonus within 30 days of deal closing. Altogether, the Closing Bonus will result in a nearly $100 million aggregate payment to qualifying employees. *

United States Steel Corporation (NYSEX) (“U. S. Steel”) today reacted to the U.S. Department of Commerce’s preliminary findings regarding oil country tubular goods (OCTG) from Argentina and Mexico. In its release, Commerce preliminarily found that Argentine OCTG produced/exported by Tenaris’ Siderca S.A.I.C and Mexican OCTG produced/exported by Tenaris’ Tubos de Acero de Mexico, S.A., continued to be dumped in the U.S. market at rates of 6.80% and 30.38%, respectively, during the 2022-2023 review period.

United States Steel Corporation (NYSEX) (“U. S. Steel”) announced today that its Board of Directors declared a dividend of $0.05 per share of U. S. Steel Common Stock. The dividend is payable on Wednesday, December 11, 2024, to stockholders of record at the close of business on Monday, November 11, 2024.

United States Steel Corporation (NYSEX) reported third quarter 2024 net earnings of $119 million, or $0.48 per diluted share. Adjusted net earnings was $140 million, or $0.56 per diluted share. This compares to third quarter 2023 net earnings of $299 million, or $1.20 per diluted share. Adjusted net earnings for the third quarter 2023 was $350 million, or $1.40 per diluted share.

United States Steel Corporation (NYSEX) (“U. S. Steel”) is featured in “Inside the Blueprint,” an award-winning B2B TV series airing nationally on Bloomberg TV as independently-produced branded content. The series highlights groundbreaking innovations in commercial construction, design and engineering, showcasing products and technologies that transform the way people live, work and play.

United States Steel Corporation (NYSEX) (“U. S. Steel”) today announced that it will release financial results for the third quarter 2024 on Thursday, October 31, 2024, following the close of trading on the New York Stock Exchange.

United States Steel Corporation (NYSEX) (“U. S. Steel”) released a new economic impact analysis today, conducted by Parker Strategy Group, that assesses how the proposed $1 billion investment committed by Nippon Steel Corporation (“Nippon Steel”) to modernize U. S. Steel’s Mon Valley Works following the closing of the pending merger with U. S. Steel would generate a significant economic impact in Pennsylvania.

United States Steel Corporation (NYSEX) (“U. S. Steel” or the “Company”) today announced the Board of Arbitration, which is jointly selected by U. S. Steel and the United Steelworkers (“USW”) to decide disputes between them, ruled that U. S. Steel has satisfied each of the conditions of the successorship clause of its Basic Labor Agreement (“BLA”) with the USW and that no further action under the BLA is required to proceed to closing the pending transaction between U. S. Steel and Nippon Steel (the “Transaction”).

United States Steel Corporation (NYSEX) (“U. S. Steel”) today announced it is the first steel company in the world to qualify to sell its products as ResponsibleSteel Certified Steel at its Big River facility in Osceola, Arkansas. Big River received the first ResponsibleSteel Site Certification in North America in 2022 and is once again at the forefront of innovation by achieving certification for sustainably sourced and manufactured steel.

United States Steel Corporation (NYSEX) today provided third quarter 2024 adjusted net earnings per diluted share guidance of $0.44 to $0.48. Third quarter 2024 adjusted EBITDA is expected to be approximately $300 million.

United States Steel Corporation (“U. S. Steel” or the “Company”) (NYSEX) today announced the roll out of ZMAG™ coated steel, a revolutionary new carbon flat rolled coated steel product. Engineered to be stronger, more resilient, and more sustainable than existing products on the market today, ZMAG™ steel rises to the challenge of the world’s harshest conditions and introduces a new level of reliability and durability for the solar, automotive, and construction industries.

On September 5, 2024, U. S. Steel, along with the United Steelworkers union (“USW”) and Wheeling-Nippon, has filed antidumping and countervailing duty petitions with the United States Department of Commerce (“DOC”) and the United States International Trade Commission (“ITC”), on imports of corrosion-resistant steel (“CORE”) from Australia, Brazil, Canada1, Mexico, Netherlands, South Africa, Taiwan, Turkey, United Arab Emirates, and Vietnam.

Employees of United States Steel Corporation (NYSEX) (“U. S. Steel”) today will host a rally at the U. S. Steel Tower in Pittsburgh in support of the Nippon Steel transaction. Employees will call on elected officials in Pennsylvania and across the nation to recognize the significant merits of the transaction for U. S. Steel employees, communities, customers, and American steelmaking.

United States Steel Corporation (NYSEX) (“U. S. Steel”) is featured in “Military Makeover: Operation Career” in an episode titled, “Forging New Careers in Steel.” The series shares stories of military veterans who have successfully transitioned to civilian life by finding meaningful and rewarding career opportunities.

United States Steel Corporation (NYSEX) (“U. S. Steel”) announced today that its Board of Directors declared a dividend of $0.05 per share of U. S. Steel Common Stock. The dividend is payable on Wednesday, September 11, 2024, to stockholders of record at the close of business on Monday, August 12, 2024.

United States Steel Corporation (NYSEX) reported second quarter 2024 net earnings of $183 million, or $0.72 per diluted share. Adjusted net earnings was $211 million, or $0.84 per diluted share. This compares to second quarter 2023 net earnings of $477 million, or $1.89 per diluted share. Adjusted net earnings for the second quarter 2023 was $483 million, or $1.92 per diluted share.

U. S. Steel (NYSEX) announced today it has once again received a top score of 100 on the Disability Equality Index®, the leading corporate benchmarking tool for disability equality, and earned its fourth consecutive recognition as a “Best Place to Work for Disability Inclusion.” By annually completing the Index, U. S. Steel demonstrates its commitment to strengthening inclusion across its organization and enhancing what it believes is a distinct business advantage: the ability to leverage the skills of people who identify as having a disability.

United States Steel Corporation (NYSEX) (“U. S. Steel”) today announced that it will release financial results for the second quarter 2024 on Thursday, August 1, 2024, following the close of trading on the New York Stock Exchange.

United States Steel Corporation (NYSEX) (“U. S. Steel”) has been named a Beyond the Yellow Ribbon company by the Minnesota National Guard, a designation that illustrates U. S. Steel’s continued commitment to providing an inclusive and supportive working environment for veterans. U. S. Steel Minnesota Ore Operations hosted an official proclamation event on June 27, commemorating this accomplishment.

United States Steel Corporation (NYSEX) (“U. S. Steel”) today announced it has been named a Vibrant Index 5.0 Champion for the second time in recognition of its diversity, equity and inclusion (DEI) leadership in the Pittsburgh region. The award highlights organizations that demonstrate a strong commitment to DEI through their policies, programs and workforce representation.

United States Steel Corporation (NYSEX) today released its 2023 Sustainability Report titled “The Future of Steel”, highlighting the company’s leadership in producing visionary solutions that benefit all stakeholders. The report outlines U. S. Steel’s strategic plans, investments and progress in reducing its carbon footprint, inspiring innovation, empowering its people and more, including its work toward achieving its goal of net-zero greenhouse gas (GHG) emissions by 2050 (Scopes 1 and 2). Notably, the report highlights how U. S. Steel progressed or established multiple partnerships with energy and technology companies, government agencies, non-profits, and universities to work on emissions reduction and developing carbon capture and utilization projects.

United States Steel Corporation (NYSEX) 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.

United States Steel Corporation (NYSEX) announced it has awarded 20 college scholarships to students across the country. All the recipients are children of U. S. Steel employees. The scholarships are funded by the United States Steel Foundation.

United States Steel Corporation (NYSEX) (“U. S. Steel”) and Nippon Steel Corporation (“Nippon Steel”) (TSE: 5401) announced that they have received all regulatory approvals outside of the United States related to the proposed transaction between U. S. Steel and Nippon Steel. These approvals have been received from the Directorate-General for Competition of the European Commission (pursuant to the EU Merger Regulation and, separately, the Foreign Subsidies Regulation), the Mexican Federal Economic Competition Commission, the Serbian Competition Commission, the Ministry of Economy of Slovakia, the Turkish Competition Authority. In addition, the United Kingdom Competition and Markets Authority confirmed that it had no further questions regarding the proposed transaction in response to the submission of a voluntary briefing paper.

U. S. Steel (NYSEX) (“U. S. Steel”) today celebrated the launch and operational readiness of its direct reduced (DR)-grade pellet production facility at its Minnesota Ore Operations-Keetac Plant. Having already confirmed the first shipment of DR-grade pellets, the Keetac facility is on track to deliver approximately four million tons of pellets annually. The $150 million investment marks a step forward in U. S. Steel’s metallics strategy by supplying the increasingly tight DR-grade pellet market with low-cost iron ore and building on the company’s ability to meet customer needs.

The Board of Directors of U. S. Steel (NYSEX) today published a letter in response to the “long-running misinformation campaign” regarding the pending all-cash transaction with Nippon Steel Corporation (NSC).

United States Steel Corporation (NYSEX) (“U. S. Steel”) today issued its 3rd Diversity, Equity, and Inclusion (DE&I) Report, providing a holistic update on the company’s progress, highlighting DE&I milestones reached over the past year, and sharing plans for pushing further to foster an inclusive culture and promote diversity.

United States Steel Corporation (NYSEX) (“U. S. Steel”) announced today that its Board of Directors declared a dividend of $0.05 per share of U. S. Steel Common Stock. The dividend is payable on Wednesday, June 12, 2024, to stockholders of record at the close of business on Monday, May 13, 2024.

United States Steel Corporation (NYSEX) reported first quarter 2024 net earnings of $171 million, or $0.68 per diluted share. Adjusted net earnings was $206 million, or $0.82 per diluted share. This compares to first quarter 2023 net earnings of $199 million, or $0.78 per diluted share. Adjusted net earnings for the first quarter 2023 was $195 million, or $0.77 per diluted share.

United States Steel Corporation (“U. S. Steel” or the “Company”) (NYSEX) received the “Governor’s Award for Environmental Excellence” from the Pennsylvania Department of Environmental Protection (DEP) for converting two of its diesel locomotives to battery power. The locomotives are located at the Mon Valley Works’ Edgar Thomson and Clairton Plants where they are used for carrying steel, coke, scrap metal, iron ore, and other materials necessary for production. The switch to battery-powered locomotives is expected to reduce airborne particulate matter (PM2.5) emissions at the facilities by .385 tons - the equivalent emissions of 7,000 gasoline-powered passenger vehicles. It will also reduce the amount of diesel fuel consumed by 40,000 gallons annually and demonstrate the company’s use of emerging technology to help reach the goal of achieving net-zero emissions by 2050.

United States Steel Corporation (NYSEX) (“U. S. Steel”) today announced that it will release financial results for the first quarter 2024 on Thursday, May 2, 2024, following the close of trading on the New York Stock Exchange.

Following the special meeting of stockholders (the “Special Meeting”) held earlier today, United States Steel Corporation (NYSEX) (“U. S. Steel”) announced that, based on the preliminary vote count, U. S. Steel stockholders overwhelmingly voted to approve the proposed merger with Nippon Steel Corporation (NSC) (TSE: 5401). More than 98% of the shares voted at the Special Meeting, representing approximately 71% of the shares of U. S. Steel common stock issued and outstanding as of the record date for the Special Meeting, were voted in favor of the proposal to adopt the merger agreement.

United States Steel Corporation (NYSEX) (“U. S. Steel”) today announced that leading independent proxy advisory firms Institutional Shareholder Services (“ISS”) and Glass Lewis & Co. (“Glass Lewis”) have recommended that U. S. Steel shareholders vote “FOR” the pending transaction with Nippon Steel Corporation (“NSC”) (TSE: 5401) at the upcoming special meeting on April 12, 2024.

United States Steel Corporation (NYSEX) has received authorization for its multi-million-dollar Consent Decree from the United States Environmental Protection Agency (U.S. EPA) and the United States Department of Justice (DOJ). The January 2024 Consent Decree with the Allegheny County Health Department, Clean Air Council, and PennEnvironment addressed the Clairton Plant fire in 2018, and power outages at the Plant in 2019 and 2022. Final approval by the Federal District Court for the Western District of Pennsylvania is pending. We regret that these accidental incidents occurred and believe this Consent Decree will allow us to move forward with the promised updates to our facilities, and our commitment to communities in the Mon Valley.

United States Steel Corporation (NYSEX) (“U. S. Steel”) named its Volunteer of the Year along with 12 Service Champions for their community service in 2023 as part of the company’s United by Service initiative. To honor the winners, U. S. Steel is donating to the charitable organization of each employee’s choice. U. S. Steel is donating $15,000 on behalf of the Volunteer of the Year and $5,000 on behalf of each of the 12 Service Champions. Overall, U. S. Steel is awarding $75,000 to charitable organizations in recognition of employee volunteers companywide.

United States Steel Corporation (NYSEX) today provided first quarter 2024 adjusted net earnings per diluted share guidance of $0.80 to $0.84. First quarter 2024 adjusted EBITDA is expected to be approximately $425 million.

United States Steel Corporation (NYSEX) (“U. S. Steel”) today announced a strategic investment in Pittsburgh-based Freespace Robotics, a pioneering manufacturer of robotic storage and retrieval systems that are in demand by warehouses worldwide. This investment will help Freespace hire and retain local talent as well as recruit others into the region.

United States Steel Corporation (NYSEX) (“U. S. Steel”) today announced that it has been named “one of the 2024 World’s Most Ethical Companies®” by Ethisphere, the global leader in defining the standards of ethical business practices. This marks the third consecutive year that U. S. Steel has received this widely sought-after recognition, a testament to the company’s differentiated ethics and compliance programs and its ongoing dedication to its Best for All® strategy.

United States Steel Corporation (NYSEX) (“U. S. Steel”) today published a video in which President and Chief Executive Officer, David B. Burritt and Senior Vice President and Chief Financial Officer, Jessica T. Graziano, review the Company’s fourth quarter and full-year 2023 earnings results, provide earnings guidance for the first quarter 2024 and discuss the previously announced acquisition of U. S. Steel. The video is being posted to the Company's Investor Relations website and is available here.

United States Steel Corporation (NYSEX) (“U. S. Steel”) announced today that its Board of Directors declared a dividend of $0.05 per share of U. S. Steel Common Stock. The dividend is payable on Wednesday, March 13, 2024, to stockholders of record at the close of business on Monday, February 12, 2024.

United States Steel Corporation (NYSEX) reported fourth quarter 2023 net loss of $80 million, or $0.36 per diluted share and adjusted net earnings was $167 million, or $0.67 per diluted share. This compares to fourth quarter 2022 net earnings of $174 million, or $0.68 per diluted share, and adjusted net earnings for the fourth quarter 2022 was $235 million, or $0.89 per diluted share.

Today, United States Steel Corporation (NYSEX) signed a Consent Decree with the Allegheny County Health Department (ACHD), Clean Air Council, and PennEnvironment to address the Clairton Plant fire in 2018, and power outages at the Plant in 2019 and 2022. We regret that these accidental incidents occurred and believe this Consent Decree greatly benefits Mon Valley communities.

United States Steel Corporation (NYSEX) (“U. S. Steel”) today announced that it will release financial results for the fourth quarter and full year 2023 on Thursday, February 1, 2024, following the close of trading on the New York Stock Exchange.

United States Steel Corporation (NYSEX) (“U. S. Steel”) today announced that it has been named one of “America’s Greatest Workplaces for Diversity 2024” by Newsweek and the market data research firm Plant-A Insights Group, based on their recent independent workplace study. The large-scale and rigorous review spotlights organizations that are providing excellent work opportunities for women, veterans, the LGBTQ+ community, and more while also cultivating a healthy work-life balance.

United States Steel Corporation (NYSEX) today provided fourth quarter 2023 adjusted net earnings per diluted share guidance of $0.20 to $0.25. Fourth quarter 2023 adjusted EBITDA is expected to be approximately $250 million.

United States Steel Corporation’s (“U. S. Steel”) Minnesota Ore Operations in the Mesabi Iron Range of northern Minnesota contributed $1.8 billion to the local and state economy in Fiscal Year 2022 (FY22), according to an economic impact report released today. The report further concludes that U. S. Steel’s economic activity supported or sustained 5,284 jobs. Facilities in this region include Minntac in Mt. Iron and Keetac in Keewatin.

U. S. Steel Corporation (“U. S. Steel”) announced today that it has earned the Human Rights Campaign Foundation’s Equality 100 Award and, for a fourth consecutive year, received a perfect score of 100 on their Corporate Equality Index (CEI). The CEI is the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality.

United States Steel Corporation (NYSEX) (“U. S. Steel”) today announced that it has earned the highly respected Mansfield Certification, an accreditation awarded to a small group of companies who successfully improve the diversity profile of their corporate legal departments. Developed and presented by Diversity Lab, the certification recognizes U. S. Steel’s commitment to expanding the pool of qualified talent considered for leadership, including to historically underrepresented individuals, and providing transparency to advancement pathways.

United States Steel Corporation (NYSEX) (“U. S. Steel”) released its 2023 Task Force on Climate-Related Financial Disclosures (TCFD) report, outlining how climate-related risks are managed, what climate-related opportunities exist, and U. S. Steel’s approach to addressing climate-related issues in the areas of governance, strategy, risk management, and metrics and targets.

United States Steel Corporation (“U. S. Steel” or the “Company”) (NYSEX) announced today a significant step in its ongoing commitment to sustainability, environmental excellence and the communities it serves. The company converted two of its diesel switcher locomotives at the Mon Valley Works’ Edgar Thomson and Clairton Plants to state-of-the-art battery-operated locomotives. The locomotives are built by Innovative Rail Technologies (IRT), a provider of customized lithium-ion propulsion solutions to the locomotive rail market. U. S. Steel invested more than $2.3 million in the locomotives while the remaining cost was offset through a partnership with the Pennsylvania Department of Environmental Protection (DEP).

United States Steel Corporation (“U. S. Steel”) (NYSEX) operations in Pennsylvania, which include U. S. Steel’s corporate headquarters in Pittsburgh and sites in Braddock, Clairton, Fairless Hills, Munhall, and West Mifflin, contributed $3.6 billion to the local and state economy in Fiscal Year 2022, according to an economic impact report released today. The report further concludes that the U. S. Steel’s economic activity supported or sustained 11,417 jobs.

United States Steel Corporation (NYSEX) (“U. S. Steel”) announced today that its Board of Directors declared a dividend of $0.05 per share of U. S. Steel Common Stock. The dividend is payable on Thursday, December 7, 2023, to stockholders of record at the close of business on Monday, November 6, 2023.

United States Steel Corporation (NYSEX) reported third quarter 2023 net earnings of $299 million, or $1.20 per diluted share. Adjusted net earnings was $350 million, or $1.40 per diluted share. This compares to third quarter 2022 net earnings of $490 million, or $1.85 per diluted share. Adjusted net earnings for the third quarter 2022 was $526 million, or $1.98 per diluted share.

United States Steel Corporation (NYSEX) (“U. S. Steel”) and DuPont NYSE: DDNYSEDD)

United States Steel Corporation (NYSEX) (“U. S. Steel”) today hosted a ribbon cutting ceremony for the opening of its new, non-grain oriented (“NGO”) electrical steel line at its Big River Steel facility in Osceola, Arkansas. The successful startup of the line marks a significant milestone for U. S. Steel, as the line has the capacity to produce more tons of NGO electrical steel per year in the United States than any other domestic steelmaker, while supplying sustainable steel solutions that are best for people and the planet.

United States Steel Corporation (NYSEX) (“U. S. Steel”) today announced that it will release financial results for the third quarter 2023 on Thursday, October 26, 2023, following the close of trading on the New York Stock Exchange. Interested stockholders, investors and others may listen to the company’s webcast on Friday, October 27, 2023, at 8:30 a.m. ET. The webcast will discuss the third quarter 2023 financial results and provide a company update which may include forward-looking information.

United States Steel Corporation (“U. S. Steel”) operations in Arkansas, which includes Big River Steel in Osceola, and Wheeling Machine Products in Pine Bluff, contributed more than $383.2 million to local and state economies in Fiscal Year 2022, according to an economic impact report released today. The study further concludes that U. S. Steel’s economic activity supported or sustained 1,747 jobs. With the upcoming Oct. 12 ribbon-cutting of U. S. Steel’s new non-grain oriented (“NGO”) electrical steel line for advanced, low carbon, electric steels, and the ongoing construction of a second mini mill steelmaking facility dedicated to the transition to sustainable steel production, U. S. Steel is poised to continue driving an economic transformation through the state and region.

United States Steel Corporation (NYSEX)

NETL and United States Steel Corporation (“U. S. Steel” or the “Company”) (NYSEX) plan to test an advanced membrane technology to capture carbon dioxide (CO2) emissions generated by steelmaking operations at the Company’s Edgar Thomson Plant, located in Braddock, Pennsylvania.

United States Steel Corporation (NYSEX) today provided third quarter 2023 adjusted net earnings per diluted share guidance of $1.10 to $1.15. Third quarter 2023 adjusted EBITDA is expected to be approximately $550 million.

Filmed at United States Steel Corporation's (NYSEX) (“U. S. Steel”) Research & Technology Center in Munhall, Pennsylvania and Big River Steel Works in Osceola, Arkansas, the episode provides a comprehensive exploration of sustainable steel production methods, with a specific focus on the creation of steel for electric vehicles.

United States Steel Corporation (NYSEX) (“U. S. Steel” or “the Company”) today confirmed that it has invited Cleveland-Cliffs Inc. (“Cleveland-Cliffs”) to participate in its previously announced strategic review process. The Company previously disclosed it has commenced a formal review process, with the assistance of outside financial and legal advisors, to evaluate strategic alternatives for the Company after receiving multiple unsolicited proposals that ranged from the acquisition of certain production assets to consideration for the whole Company.

United States Steel Corporation (NYSEX) (“U. S. Steel”) today announced that its Board of Directors has decided to initiate a formal review process, with the assistance of outside financial and legal advisors, to evaluate strategic alternatives for the Company. The Board of Directors and management team are committed to acting in the best interests of the Company, its stockholders and its stakeholders. U. S. Steel has made significant progress transforming the Company into a customer-centric, world-competitive Best for All® steelmaker as it continues to win in strategic markets, move down the cost curve and move up the talent curve.

United States Steel Corporation (NYSEX) (“U. S. Steel”) and Google Cloud today announced a new collaboration to build applications using Google Cloud’s generative artificial intelligence (“gen AI”) technology to drive efficiencies and improve employee experiences in the largest iron ore mine in North America. As a leading manufacturer engaging in gen AI with Google Cloud, U. S. Steel continues to advance its more than 100-year legacy of innovation.

United States Steel Corporation (NYSEX) (“U. S. Steel”) today announced the appointment of Emily Chieng as Investor Relations Officer, effective September 2023. She succeeds Kevin Lewis who was appointed Vice President, Finance in December 2022.

United States Steel Corporation (NYSEX) (“U. S. Steel”) announced today that its Board of Directors declared a dividend of $0.05 per share of U. S. Steel Common Stock. The dividend is payable on Thursday, September 7, 2023, to stockholders of record at the close of business on Monday, August 7, 2023.

United States Steel Corporation (NYSEX) reported second quarter 2023 net earnings of $477 million, or $1.89 per diluted share. Adjusted net earnings was $483 million, or $1.92 per diluted share. This compares to second quarter 2022 net earnings of $978 million, or $3.42 per diluted share. Adjusted net earnings for the second quarter 2022 was $1,116 million, or $3.89 per diluted share.