Tag: american steel

US Steel Makes Over $4 Billion From Strong Recovery in 2021

U.S. Steel made a record $4.174 billion net earnings for 2021, or $14.88 per diluted share, and fourth quarter 2021 net earnings of $1.069 billion, or $3.75 per diluted share, owing to a robust economic recovery and high price for steel driven by strong demand. The company outperformed Wall Street expectations and has climbed over…


Government Contractors Settle After Providing China-Made Containers

Even the U.S. federal government sometimes has trouble buying American products. The Department of Defense contracted for its agencies to buy American-made materials or materials manufactured in specified allied countries, such as South Korea. But now, through a settlement, two companies will jointly pay $904,000 to the federal government to resolve allegations that they provided…


In the Face of Most Democrats’ Opposition, US Steel Cancels a Billion-Dollar Investment

Commentary BRADDOCK, Pennsylvania—Exactly two years ago, U.S. Steel Corporation announced that the company would turn its Mon Valley Works operations into a key source of lightweight steel for the automotive industry. At the time, local leaders and company officials called the investment “transformational.” It involved a whopping $1.5 billion upgrade to the three Mon Valley…