U.S. Steel made US$3.78 billion in adjusted net earnings and adjusted EBITDA of US$5.592 billion in 2021. It has operations in Gary Works and Midwest Plant in Portage.
The CEO of U.S. Steel said the company will win more market share with advantages including low-cost iron ore, mini mill steelmaking, and best finishing capabilities. The company will keep its progress and invest US$850 million this year.
U.S. Steel's earnings hit record high in 2021
The Pittsburgh-based steelmaker U.S. Steel posted record earnings of US$4.174 billion in 2021 on high steel prices which were supported by strong demand, economic recovery, and tariffs on most imported steel. In the fourth quarter, the earnings were US$1.06 billion.
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