U.S. Steel Corporation
U.S. Steel Corporation (X) is the 13th largest steel producer globally with production of 20.4 million tons in 2013. It has been a bellwether of American industry. In a lot of ways, it’s a reflection of the rise and decline of the American manufacturing industry. U.S. Steel Corp. has major operations in the United States, Canada, and central Europe with several steel finishing joint ventures in Brazil and Mexico. It’s also involved in railroad and barge transportation services through its subsidiary Transtar Inc. and real estate operations through its U.S. Real Estate division.
Key reporting segments of U.S. Steel Corp.
U.S. Steel Corp. reports its results under the following segments:
It’s important to note that we’re analyzing the second quarter results of U.S. Steel Corporation (X) which were released on July 29, 2014. The series is a must read for investors of U.S. Steel Corporation, ArcelorMittal (MT), Nucor Corporation (NUE), and Reliance Steel & Aluminum (RS). An alternate way of getting exposure to the steel industry is through the SPDR S&P Metals and Mining ETF (XME).