U.S.
Steel (NYSE: X) Overview
Business Description
o Company: U.S. Steel Corporation
o Ticker: X
o Market Cap: $5.15 Billion
o Sell steel sheet/tubular products to the
automotive, appliance, container,
industrial machinery, construction, oil
and gas industries.
Products/Distribution
o Products are sold through three
segments: Flat-Rolled, U.S. Steel
Europe, and Tubular Products
o Flat-Rolled: Automotive, Construction,
and Appliance & Electrical markets
o USSE: Same as flat-rolled, but
distributed across Central Europe
o Tubular: Oil, Gas, and Petrochemical
Markets
Projected Growth
o 25% tariff on imported steel from China
o More demand for domestically
produced steel
o More price flexibility
o Carnegie Way Initiative (2013)
o Sustainable change in
manufacturing processes,
business logistics, and savings on
SG&A costs
o $2 Billion Asset Revitalization Program
o $1.5 billion capital spending and
$500 million for expenses
o $750 million to modernize flagship
Gary plant
o Restart blast furnace in Granite
City October 1st
o Increasing production capabilities
o Q2 Report (August 1st, 2018)
o Adjusted Net Income: $262 million
o $1.20/diluted share
o Q2 2017- $189 million,