share_log

United States Steel | 10-K: FY2024 Annual Report

SEC ·  Jan 31 17:22

Summary by Moomoo AI

United States Steel Corporation reported net earnings of $384 million for fiscal year 2024, down from $895 million in 2023. Net sales decreased 13% to $15.64 billion from $18.05 billion in the prior year, primarily due to lower shipment volumes and average realized prices across most segments. The company's raw steel production declined to 15.63 million tons from 17.32 million tons in 2023.The company continued to execute its strategic projects, including the completion of DR-grade pellet facility at Keetac and the startup of Big River Steel 2 (BR2) facility which produced its first coil in October 2024. Total capital expenditures were $2.29 billion in 2024, with $1.64 billion allocated to the Mini Mill segment primarily for BR2 construction. The company maintained strong liquidity of $3.62 billion at year-end.Regarding the pending merger with Nippon...Show More
United States Steel Corporation reported net earnings of $384 million for fiscal year 2024, down from $895 million in 2023. Net sales decreased 13% to $15.64 billion from $18.05 billion in the prior year, primarily due to lower shipment volumes and average realized prices across most segments. The company's raw steel production declined to 15.63 million tons from 17.32 million tons in 2023.The company continued to execute its strategic projects, including the completion of DR-grade pellet facility at Keetac and the startup of Big River Steel 2 (BR2) facility which produced its first coil in October 2024. Total capital expenditures were $2.29 billion in 2024, with $1.64 billion allocated to the Mini Mill segment primarily for BR2 construction. The company maintained strong liquidity of $3.62 billion at year-end.Regarding the pending merger with Nippon Steel Corporation announced in December 2023, the company obtained stockholder approval and completed regulatory requirements outside the U.S. However, following the U.S. President's order prohibiting the merger, U.S. Steel and Nippon Steel filed legal challenges in January 2025. The merger agreement values U.S. Steel at $55.00 per share in cash, with a deadline extension granted until June 18, 2025.

This announcement is a separate document:

Doc 1

Doc 2

Doc 3

Doc 4

Doc 5

Doc 6

Doc 7

Doc 8

Doc 9

Doc 10

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
Comment Comment · Views 388

Recommended

Related Stocks Related Stocks
Symbol Mini Chart Price
ArcelorMittal SA
MT
32.860
POSCO
PKX
48.530
National Steel
SID
1.481
Grupo Simec
SIM
26.700
INNO Holdings
INHD
4.710
Log In for the Full List
Reassessing Chinese Assets
Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.
Discussing
Big Tech’s earnings season in full swing! Nvidia is the only one left
On Thursday, $Amazon (AMZN.US)$ stock fell after the firm reported Q4 adjusted earnings of $1.86/share, vs estimates of $1.50/share, on reve Show More
Can Big Tech earnings ignite the markets again?
85%
15%
Yes
No
5170 votes
AMZN earnings preview: Grab rewards by guessing the opening price!
Hi mooers!
With the development of e-commerce and cloud computing, $Amazon (AMZN.US)$ has attracted widespread market attention. It is releasing its last quarter earnings on February 6th after bell.
Unlock insights with AMZN Earnings Hub>>
Rewards
● An equal share of 5,000 points: For mooers who correctly guess the winner who makes the biggest %gains in intraday trading on the first day after their earnings (e.g., If 50 mooers ma...