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X United States Steel

Founded in 1901, the United States Steel Corporation is a Fortune 250 company and leading integrated steel producer. With extensive iron ore production and an annual raw steelmaking capability of 26.2 million net tons, U. S. Steel produces high value-added steel products for the automotive, infrastructure, appliance, container, and energy industries. The company's Best of BothSM integrated and mini-mill technology strategy is advancing a more secure, sustainable future for U. S. Steel and its stakeholders. With renewed emphasis on innovation and customer focus, the company produces cutting-edge products such as U. S. Steel's proprietary XG3™ advanced high-strength steel. U. S. Steel is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe.

Company profile

Ticker
X
Exchange
Website
CEO
David Burritt
Employees
Incorporated
Location
Fiscal year end
Former names
UNITED STATES STEEL LLC
SEC CIK
Subsidiaries
Chisholm Coal LLC • Chrome Deposit Corporation • Cygnus Mines Limited • Double G Coatings, Inc. • Double G Coatings Company, L.P. • Essex Minerals Company • Fairfield Primary Operations, LLC • GCW/USS Energy, LLC • Grant Assurance Corporation • Kanawha Coal LLC ...

X stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

30 Jul 21
21 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.47B 1.47B 1.47B 1.47B 1.47B 1.47B
Cash burn (monthly) (positive/no burn) 79.75M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 297.51M n/a n/a n/a n/a
Cash remaining n/a 1.17B n/a n/a n/a n/a
Runway (months of cash) n/a 14.7 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
18 Aug 21 Christine S Breves United States Steel Corporation Common Stock Sell Dispose S No Yes 30 1,667 50.01K 198,595
18 Aug 21 Scott D Buckiso United States Steel Corporation Common Stock Sell Dispose S No Yes 30 10,000 300K 114,197
18 Aug 21 James E. Bruno United States Steel Corporation Common Stock Sell Dispose S No Yes 30.22 15,000 453.3K 127,485
18 Aug 21 David B Burritt United States Steel Corporation Common Stock Sell Dispose S Yes Yes 30 50,000 1.5M 212,981
18 Aug 21 Holloway Duane D United States Steel Corporation Common Stock Sell Dispose S No Yes 30 8,000 240K 120,749

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

67.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 379 351 +8.0%
Opened positions 81 72 +12.5%
Closed positions 53 59 -10.2%
Increased positions 128 132 -3.0%
Reduced positions 88 70 +25.7%
13F shares
Current Prev Q Change
Total value 5.4B 4.68B +15.3%
Total shares 181.76M 177.38M +2.5%
Total puts 48.27M 40.88M +18.1%
Total calls 21.7M 25.82M -16.0%
Total put/call ratio 2.2 1.6 +40.5%
Largest owners
Shares Value Change
BLK Blackrock 26.33M $631.84M -25.5%
Vanguard 23.34M $560.14M +2.4%
STT State Street 10.25M $245.93M -8.7%
D. E. Shaw & Co. 8.96M $215.02M -19.9%
Susquehanna International 8.06M $193.52M +27.3%
GS Goldman Sachs 7.05M $169.1M +37.8%
Dimensional Fund Advisors 5.9M $141.64M -20.5%
BCS Barclays 5.65M $135.65M +196.1%
MS Morgan Stanley 5.62M $134.97M +98.6%
Citadel Advisors 5.57M $133.71M +127.3%
Largest transactions
Shares Bought/sold Change
BLK Blackrock 26.33M -9M -25.5%
BCS Barclays 5.65M +3.74M +196.1%
Citadel Advisors 5.57M +3.12M +127.3%
MS Morgan Stanley 5.62M +2.79M +98.6%
Millennium Management 4.23M +2.44M +135.8%
D. E. Shaw & Co. 8.96M -2.22M -19.9%
NTRS Northern Trust 2.21M -2.09M -48.6%
GS Goldman Sachs 7.05M +1.93M +37.8%
Susquehanna International 8.06M +1.73M +27.3%
GQG Partners 1.73M +1.73M NEW

Financial report summary

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Competition
Mittal Steel USA
Risks
  • Our Investments in New Technologies May Not Be Fully Successful
  • We may encounter difficulties integrating Big River Steel into our existing operations.
  • Benefits from our Best of Both stockholder value creation strategy and asset revitalization program may be limited or may not be fully realized.
  • We participate in joint ventures, which may not be successful.
  • The outbreak of COVID-19 has had, and could continue to have, an adverse impact on the Company’s results of operations, financial condition and cash flows.
  • Our operational footprint, unplanned equipment outages and other unforeseen disruptions may adversely impact our results of operations.
  • U. S. Steel continues to incur certain costs when production capacity is idled, increased costs to resume production at idled facilities, or costs to idle facilities.
  • U. S. Steel has been and continues to be adversely affected by unfairly traded imports and global overcapacity, which may cause downward pricing pressure, lost sales and revenue, market share, decreased production, investment, and profitability.
  • We face risks relating to changes in U.S. and foreign tariffs, trade agreements, laws, and policies
  • The steel industry, as well as the industries of our customers and suppliers upon whom we are reliant, is highly cyclical, which may have an adverse effect on our results of operations.
  • We face increased competition from alternative materials and risks concerning innovation, new technologies, products and increasing customer requirements.
  • Limited availability, or volatility in prices of raw materials, scrap and energy may constrain operating levels and reduce profit margins.
  • Changes in the global economic environment and prolonged periods of slow economic growth could have an adverse effect on our industry and business, as well as those of our customers and suppliers.
  • Shortages of skilled labor, increased labor costs, or our failure to attract and retain other highly qualified personnel in the future could disrupt our operations and adversely affect our financial results.
  • Our 2018 Labor Agreements with the USW contain provisions that may impact certain business activities.
  • A failure of our information technology infrastructure and cybersecurity threats may adversely affect our business operations.
  • We depend on third parties for transportation services, and increases in costs or the availability of transportation may adversely affect our business and operations.
  • Our business requires substantial expenditures for debt service obligations, capital investments, operating leases and maintenance that we may be unable to fund.
  • We may not be able to generate sufficient cash to service all of our debt, and may be forced to take other actions to satisfy our obligations under our debt, which may not be successful.
  • Our business and execution of our strategic priorities require us to raise capital which could be difficult if we face depressed market conditions, lower earnings or credit rating downgrades by ratings agencies.
  • We have significant retiree health care, retiree life insurance and pension plan costs, which may negatively affect our results of operations and cash flows.
  • The accounting treatment of equity method investments and other long-lived assets could result in future asset impairments, which would reduce our earnings.
  • We are subject to foreign currency risks, which may negatively impact our profitability and cash flows.
  • Financial regulatory frameworks introduced by U.S. and EU regulators may limit our financial flexibility or increase our costs.
  • We are a party to various legal proceedings, the resolution of which could negatively affect our profitability and cash flows in a particular period.
  • Compliance with existing and new environmental regulations, environmental permitting and approval requirements may result in delays or other adverse impacts on planned projects, our results of operations and cash flows.
  • We have significant environmental remediation costs that negatively affect our results of operations and cash flows.
  • Increasing pressure to reduce greenhouse gas (GHG) emissions from steelmaking operations to comply with new regulations as well as stakeholder expectations could increase costs to manufacture future materials or reduce the amount of materials being manufactured.
Management Discussion
  • U. S. Steel's results in the three and six months ended June 30, 2021 compared to the same periods in 2020 benefited from significantly improved business conditions as certain challenges presented by the COVID-19 pandemic began to subside. Flat-
  • Rolled results improved due to higher steel demand across most consumer and manufacturing industries, pushing both spot and contract prices higher. In Mini Mill, with the acquisition of Big River Steel on January 15, 2021, results were added for the first time in the first quarter of 2021. USSE results improved due to stronger performance of the manufacturing and construction sectors and higher selling prices though continued high levels of imports persist. In Tubular, net sales increased slightly in the three months ended June 30, 2021 and decreased in the six months ended June 30, 2021 as disruptions in the oil and gas industry continue to create significant reductions of drilling activity in the U.S. and continued high levels of tubular imports persist.
  • Management’s analysis of the percentage change in net sales for U. S. Steel’s reportable business segments for the three months ended June 30, 2021 versus the three months ended June 30, 2020 is set forth in the following table:
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
7th grade Avg
New words: affiliate, AFFILIATED, AK, AllSM, ancillary, antitrust, auditor, boycott, build, cartel, CBAM, Chinese, circumvent, Clayton, conspiracy, cumulative, designee, ERW, external, Fit, Flat, goal, growing, heavy, Indian, irrevocable, ISSUER, JSW, link, main, Malaysia, Membership, Ministry, Nucor, package, precedent, rail, railway, remeasured, remeasurement, reshaping, resistance, ResponsibleSteelTM, reward, robust, Sherman, Slovak, Southern, subside, suit, Taiwan, Taiwanese, today, tortiously, transition, Transtar, unspecified, upcoming, USA, variance, vehicle, verified, weighing
Removed: accelerate, accelerated, acceleration, bear, calendar, cancel, comparing, correct, covenant, cover, declared, decline, declining, delayed, differentiate, EBITDA, effectively, eliminated, enable, expanding, expenditure, Forum, found, government, home, invest, Japan, measured, modify, month, occurring, oversupply, pace, paused, pipe, point, pool, put, realizability, realize, replacement, shortfall, silicon, sophisticated, spent, stated, steep, timeline, trilateral, true, upgrade, waived, write

Patents

APP
Utility
Steel Ladle Taper Plate Assemblies
26 Aug 21
Taper plate assemblies are disclosed that may be installed on the top of steel casting ladles to restrain and maintain refractory lining materials in compression during casting operations.
APP
Utility
Edge Formability In Metallic Alloys
5 Aug 21
This disclosure is directed at mechanical property improvement in a metallic alloy that has undergone one or more mechanical property losses as a consequence of forming an edge, such as in the formation of an internal hole or an external edge.
APP
Utility
Welded Advanced High Strength Steel
29 Jul 21
This disclosure relates to weldability of steel alloys that provide weld joints which retain hardness values in a heat affected zone adjacent to a fusion zone and which also have improved resistance to liquid metal embrittlement due to the presence of zinc coatings.
GRANT
Utility
Edge formability in metallic alloys
13 Apr 21
This disclosure is directed at methods for mechanical property improvement in a metallic alloy that has undergone one or more mechanical property losses as a consequence of forming an edge, such as in the formation of an internal hole or an external edge.
GRANT
Utility
Weldability improvements in advanced high strength steel
30 Mar 21
This disclosure relates to weldability of steel alloys that provide weld joints which retain hardness values in a heat affected zone adjacent to a fusion zone and which also have improved resistance to liquid metal embrittlement due to the presence of zinc coatings.