U.S. Steel

In 1899, H.P. Nail Co., the American Wire Co., and the Baackes Wire Nail Co. all became part of American Steel & Wire Co. of New Jersey, which later became a subsidiary of U.S. Steel.

U.S. Steel, with a total capitalization of $1.4 billion, had a significant impact on the economy and infrastructure in the early twentieth century. The company's integrated system controlled the entire process of steel production and played a crucial role in the construction of infrastructure, the growth of automobile usage, and the production of materials for World War I.

The U.S. Steel Corporation was founded in 1901, with George F. Baker being the largest individual owner of U.S. Steel stock. This event marked a significant development in the industrial and corporate landscape of the United States.

J.P. Morgan formed U.S. Steel by financing the merger of Carnegie Steel Company, Federal Steel Company, and National Steel Company. It became the largest steel producer and corporation in the world, with headquarters in New York City.

U.S. Steel was included in the Dow Jones Industrial Average from April 1, 1901, to May 3, 1991, under its USX Corporation name with Navistar International and Primerica.

In its first full year of operation, U.S. Steel made 67 percent of all the steel produced in the United States, establishing its dominance in the industry.

U.S. Steel bought its largest competitor, the Tennessee Coal, Iron and Railroad Company, headquartered in Birmingham, Alabama, and replaced it in the Dow Jones Industrial Average with the General Electric Company.

The company formed the Committee on Safety of United States Steel to introduce the modern 'Safety First' movement, aiming to prevent worker accidents and safeguard the company against criticisms and legal liability.

The federal government attempted to use federal antitrust laws to break up U.S. Steel, but the effort ultimately failed, similar to the breakup of Standard Oil in the same year.

In 1920, the U.S. Supreme Court ruled that U.S. Steel was not a monopoly in restraint of trade under the U.S. antitrust laws, impacting the company's position in the steel industry.

The publication 'United States Steel: A Corporation with a Soul' aimed to create a positive image of U.S. Steel through text and photographs illustrating the steel production process. It was part of the company's efforts to address negative public perceptions and portray the enterprise as more than just a 'soulless' corporation.

During the Great Depression in the 1930s, U. S. Steel moved its headquarters to New York City’s Empire State Building, which was completed in 1931 using their steel. This move signified a shift in focus towards modernizing operations and producing more steel for consumer products.

In 1936, the San Francisco-Oakland Bay Bridge was constructed in California, with US Steel supplying steel for the project. This bridge is a notable structure that US Steel contributed to.

In 1937, Myron C. Taylor, the board chairman of U.S. Steel, recognized the United Steelworkers of America, marking a shift in the company's approach towards unions.

During World War II, women held one of every eight jobs at U.S. Steel, contributing to various roles in both operating facilities and office settings.

In 1945, a man in a crane charges slabs of iron at the Gary Works plant in Gary, Indiana. It was US Steel's largest manufacturing plant and held the title of the largest steel mill in the world for most of the 20th century.

In 1946, striking steelworkers picketed in Homestead, Pennsylvania, with an estimated 750,000 workers participating in the walkout, leading to the shutdown of 1,200 plants in 30 states.

In 1948, steel beams for the United Nations Secretariat Building were loaded at a US Steel plant in Munhall, Pennsylvania. The construction of the building was underway during this time.

In 1950, a temporary television antenna was adjusted atop New York's Empire State Building by a worker from US Steel's American Bridge Co.

The Basic Oxygen Furnace (BOF) was introduced as a new steelmaking technology, allowing for cheaper and more efficient steel production. However, US Steel was slow to adopt this technology, which led to it falling behind other American companies in steel production.

New twin blast furnaces operate at US Steel's South Chicago Works in 1956. They were among the world's largest at the time, standing 235 feet tall.

U.S. Steel was an original member of the S&P 500 since 1957 but was removed from that index on July 2, 2014, due to declining market capitalization.

The Fortune 500 list in 1959, which may include the United States Steel Corporation as one of the top companies based on its revenue and influence.

In a reorganization move, the American Steel & Wire Division was dissolved in 1964 and the Cleveland offices were moved to Pittsburgh.

Men work at the Homestead Steel Works factory in Homestead, Pennsylvania, circa 1970. From its peak in the 1950s, the company began to fall behind upstart competitors both foreign and domestic. Competitors in Japan and Germany, which were forced to rebuild from scratch after World War II, used new technologies that required far less labor and energy.

New York City's One Liberty Plaza was built by U.S. Steel as the city's U.S. Steel Tower in 1973.

In May 1984, U.S. Steel closed the Cuyahoga Works, its last major operation in Cleveland.

In 2002, U.S. Steel Group was spun off from USX Corporation, becoming an independent, publicly traded corporation under its original name, United States Steel Corporation.

In 2007, U. S. Steel acquired Lone Star Technologies, a leading producer of welded pipe for the oil and gas industry. This acquisition bolstered U. S. Steel's position in the growing energy sector and made it North America’s largest manufacturer of tubular steel products.

In 2008, United States Steel Corporation was ranked as the eighth-largest steel producer globally, reflecting its significant presence in the steel industry.

In 2010, negotiations for pension rights for former Stelco employees were initiated due to U.S. Steel's purchase of Stelco in 2007 and its commitment to the Canadian government to fulfill the pension obligations.

In April 2013, U.S. Steel locked out approximately 1,000 workers at the Nanticoke, Ontario facility after they refused an earlier contract offer. This was the third lockout at the former Stelco facility since U.S. Steel's acquisition in 2007.

In May 2013, a new continuous annealing line at the joint venture PRO-TEC Coating Company was commissioned to process high-strength and highly formable steel grades, with a focus on the automotive industry.

In 2015, a spokesman for US Steel mentioned that fluctuating oil prices, reduced rig counts, depressed steel prices, and unfairly traded imports were driving a consolidation of operations, putting 2000 jobs at risk at the Granite City Works.

In November 2016, U.S. Steel announced an agreement with Bedrock Industries Group LLC for the sale and transition of ownership of U. S. Steel Canada, Inc. to Bedrock, pending the completion of necessary documentation and approvals.

The sale and transition of ownership of U. S. Steel Canada, Inc. to Bedrock was finalized in June 2017.

In 2018, U.S. Steel announced a $750 million capital investment program for Gary Works, the company's largest manufacturing plant located on the south shore of Lake Michigan. The program aims to enhance environmental performance and improve cost competitiveness.

In 2019, US Steel announced an agreement to purchase a minority stake in Big River Steel, with the potential to acquire full control within four years. The deal was estimated to exceed $2 billion in value.

In mid-2021, Transtar LLC, the transportation division of US Steel, was sold to Fortress Transportation and Infrastructure Investors LLC for $640 million. This sale was intended to allow US Steel to concentrate on its primary mining and steelmaking operations.

Biden has expressed his disapproval of the proposal to sell US Steel to a Japanese company, emphasizing the importance of supporting American steel workers.

The United Steelworkers union has officially given their support to Biden in the presidential race, strengthening his labor backing.