Tuesday, December 29, 2015

U.S. Steel: Among Giants of the Global Steel Industry

In 2 March 1901, J. P. Morgan and Elbert H. Gary founded U.S. Steel by merging the Carnegie Steel Company, Federal Steel Company, and National Steel Company. At one time, the American integrated steel producer was the world’s largest corporation and largest steel producer as well as the world’s first corporation to reach a $1 billion market capitalization.

Today, U.S. Steel may not be the titan it once was but it is still a giant among its peers in the global steel production industry. In 2014, it was the ranked as the world’s 15th largest steel producer with major production operations across North America and Central Europe.

Its headquarters are located in Pittsburgh, Pennsylvania while its production facilities have a combine annual raw steel production capability of over 24.4 million tons. U.S. Steel also manufactures several value-added products including steel sheets and tubular items for distribution to diverse industries including oil and gas, appliance, automotive, industrial machinery, container, and construction.

The corporation has several integrated steel facilities including:
  • Gary Works with the facilities in Gary, Indiana; Midwest Plant in Portage, Indiana; and East Chicago Tin in East Chicago, Indiana
  • Mon Valley Works including the Irvin Plant and Edgar Thomson Plant in Pittsburgh, Pennsylvania as well as the Fairless Plant in Philadelphia, Pennsylvania
  • Great Lake Works with the plants in Ecorse and River Rouge, both in Michigan
  • Fairfield Works in Fairfield, Alabama
  • Granite Clay Works located in Granite City, Illinois
  • U. S. Steel Košice located in the Slovak Republic
U.S. Steel has also established several joint ventures for steel finishing projects in the United States, Mexico, and Brazil.

As a recognized leader in steelmaking process and product technology, U.S. Steel has been known to produce the world’s best steel-based products. It has four R&D facilities with scientists dedicated to discovering new technologies and pushing the boundaries of steelmaking.

Indeed, U.S. Steel may yet take back its crown as the titan of the global steelmaking industry!

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