The report further concludes that the U. S. Steel's economic activity supported or sustained 11,417 jobs.
'At U. S. Steel, we are thrilled to be the best partner to the communities in which we serve. We are deeply rooted in
'U. S. Steel and our employees are heavily engaged in
The study, commissioned by U. S. Steel, was conducted by
'An economic impact analysis is an objective way to measure the impact of an organization in the regional economy. It is a tool that policy makers and local businesses can use to inform their decisions,' said
In the analysis, the study considered the direct spending on operations, pay, benefits, and capital projects by U. S. Steel and the estimated increase in demand for goods and services in industry sectors that supply or support the company. The study also measured the impact of charitable giving by U. S. Steel and its employees.
Among the highlights in the report: The
The value added impact generated by U. S. Steel's operations in
U. S. Steel's operations in
Through its operations and capital spending in FY22, U. S. Steel generated
U. S. Steel is an integral partner with organizations across southwest
In 2022, U. S. Steel employees contributed an estimated
About U. S. Steel
Founded in 1901,
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This release contains information that may constitute 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. U. S. Steel intends the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in those sections. Generally, we have identified such forward-looking statements by using the words 'believe,' 'expect,' 'intend,' 'estimate,' 'anticipate,' 'project,' 'target,' 'forecast,' 'aim,' 'should,' 'plan,' 'goal,' 'future,' 'will,' 'may' and similar expressions or by using future dates in connection with any discussion of, among other things, the construction or operation of new or existing facilities or operating capabilities, operating or financial performance, trends, events or developments that we expect or anticipate will occur in the future, statements relating to volume changes, share of sales and earnings per share changes, anticipated cost savings, potential capital and operational cash improvements, changes in the global economic environment, including supply and demand conditions, inflation, interest rates, supply chain disruptions and changes in prices for our products, statements regarding our future strategies, products and innovations, statements regarding our greenhouse gas emissions reduction goals, statements regarding existing or new regulations and statements expressing general views about future operating results. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. Forward-looking statements are not historical facts, but instead represent only the Company's beliefs regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company's control. It is possible that the Company's actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Management believes that these forward-looking statements are reasonable as of the time made. However, caution should be taken not to place undue reliance on any such forward-looking statements because such statements speak only as of the date when made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the Company's historical experience and its present expectations or projections. These risks and uncertainties include, but are not limited to, the risks and uncertainties described in 'Item 1A. Risk Factors' in the Company's Annual report on Form 10-K for the year ended
Contact:
Tel: (412) 736-2475
Email: almalkowski@uss.com
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