UNITED STATES STEEL CORP
ussteel.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q1 FY2025 10-Q, filed May 2, 2025. Its latest SEC filing is a SCHEDULE 13G/A from Aug 14, 2025.
10-Q for Q1 FY2025, filed May 2, 2025
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Makes and sells steel sheets, tubular products and semi-finished steel to automakers, construction companies and oil and gas customers.
10-K for FY2024, filed Jan 31, 2025The Flat-Rolled segment includes the operating results of U. S. Steel’s integrated steel plants and equity investees in North America…View ↗
The Mini Mill segment includes the operating results of U. S. Steel’s Big River Steel facility and a second mini mill facility, Big River…View ↗
The Tubular segment includes the operating results of U. S. Steel’s tubular production facilities and an equity investee in the United…View ↗
How Did They Make Money?
U. S. Steel mainly earns money by producing and shipping steel products; customers are invoiced when products ship and pay under standard terms. It also sells raw materials and coke by-products and earns revenue from real estate sales.
10-K for FY2024, filed Jan 31, 2025Revenue is generated primarily from contracts to produce, ship and deliver steel products, and to a lesser extent, raw materials sales such…View ↗
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10-K for FY2024, filed Jan 31, 2025
FY2024 revenue by product or service ↗
$15.6B
-
10-K for FY2024, filed Feb 1, 2025
$15.6B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Semi-finished
Sold outright
|
1.3%
FY2021: 0.7%
|
Semi-finished, FY2024
$197M Sources
|
Sold outright |
|
Hot-rolled sheets
Sold outright
10-K for FY2024, filed Jan 31, 2025 |
26%
FY2021: 32%
|
Hot-rolled sheets, FY2024
$4.1B Sources
|
Sold outright |
|
Cold-rolled sheets
Sold outright
10-K for FY2024, filed Jan 31, 2025 |
27%
FY2021: 23%
|
Cold-rolled sheets, FY2024
$4.2B Sources
|
Sold outright |
|
Coated sheets
Sold outright
10-K for FY2024, filed Jan 31, 2025 |
30%
FY2021: 32%
|
Coated sheets, FY2024
$4.7B Sources
|
Sold outright |
|
Tubular products
Sold outright
|
6.2%
FY2021: 4.1%
|
Tubular products, FY2024
$964M Sources
|
Sold outright |
|
All other (a)
Sold outright
10-K for FY2024, filed Jan 31, 2025 |
9.8%
FY2021: 7.6%
|
All other (a), FY2024
$1.5B Sources
|
Sold outright |
Who Were Their Customers?
Steel service centers and trade customers, along with manufacturers in automotive, construction, packaging and energy markets, buy U. S. Steel products. Sales are made through defined-volume and pricing agreements or as spot sales.
10-K for FY2024, filed Jan 31, 2025U. S. Steel has annual raw steel production capability of 25.4 million net tons (20.4 million tons in North America and 5.0 million tons in…View ↗
(Thousands of Tons) Flat-Rolled Mini Mill USSE Tubular Total Major Market – 2024 Steel Service Centers 1,039 941 877 — 2,857 Further…View ↗
U. S. Steel characterizes sales as contract sales if sold pursuant to an agreement with a defined volume and pricing and a duration of…View ↗
Did Revenues Turn Into Profits?
Yes. It kept 2 cents of every revenue dollar as net income in FY2024, but spent more cash than it brought in: free cash flow was −$1.4B.
10-K for FY2024, filed Feb 1, 2025
$240MView ↗
10-K for FY2024, filed Feb 1, 2025
$384MView ↗
10-K for FY2024, filed Feb 1, 2025
−$1.4BView ↗
How Were They Changing?
- Net income
-
Sources
10-Q for Q1 FY2025, filed May 2, 2025
−$116MView ↗
- ▼ Now a loss
- vs $171M in Q1 FY2024
-
Jun 25, 2025
Kevin Lewis was elected chief financial officer
He was elected executive vice president and chief financial officer following the transaction closing.
Sources
8-K, filed Jun 25, 2025
Immediately prior to, and effective as of, the Effective Time, in connection with the consummation of the Transaction, each officer of the…View ↗
-
Jun 18, 2025
The transaction was completed under a national security agreement
The agreement gives the U.S. government rights over non-routine governance, domestic production and trade matters.
Sources
8-K, filed Jun 18, 2025
On June 13, 2025, the Company entered into a National Security Agreement (the “NSA”), among Guarantor, Parent, the Company and the U.S.…View ↗
Grew. Revenue grew 61% in 4 years, from $9.7B in FY2020 to $15.6B in FY2024, about 13% a year.
European product range
The latest report lists hot-rolled, cold-rolled, galvanized and color-coated coils and electrical steel among European products; the older report listed slabs, plate, sheet, tin mill products and spiral welded pipe.
10-K for FY2021, filed Feb 11, 2022 10-K for FY2024, filed Jan 31, 2025The USSE segment includes the operating results of U. S. Steel Košice (USSK), U. S. Steel’s integrated steel plant and coke production…View ↗
The USSE segment includes the operating results of U. S. Steel Košice (USSK), U. S. Steel’s integrated steel plant and coke production…View ↗
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