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| Pennsylvaniaxl » Pennsylvania Economy » Fortune 500 Companies in Pennsylvania: United States Steel |
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Fortune 500 Companies in Pennsylvania: United States Steel
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United States Steel Corporation is a celebrated name among the steel producing companies in the world. The company is presently operational in the United States and Central Europe. Fortune 500 Companies in Pennsylvania: United States Steel is the seventh largest steel producing company in the world, in terms of total sale. In 1991, the United States Steel Corporation was renamed as USX Corporation. In 2001, the shareholders of USX Corporation gave birth to their steel producing assets after the acquisition of Marathon Oil in 1982. Till now, USX is the largest family owned integrated steel producing company in the United States. |
The present day’s U.S. Steel Corporation was previously a Dow Jones Industrial Average component. Later on it came under the umbrella of USX Corporation. The annual domestic raw steel production capability of the company is 19.4 million net tons. The annual raw steel production capability of the company in Central Europe is 7.4 million tons. The United States Steel Corporation is responsible for the production of several other products. But the company is also engaged in the trading of several other businesses related to steel manufacturing.
Production of iron and pellets from taconite is among the businesses of the Fortune 500 Companies in Pennsylvania: United States Steel. The company produces coke in both central Europe and the USA. The other businesses which United States Steel Corporation is involved in are transportation, real estate operation, etc. In 2005 the Fortune 500 Companies in Pennsylvania: United States Steel had three wings under the same organizational umbrella.
Presently the Fortune 500 Companies in Pennsylvania: United States Steel is at 479th rank with revenue of $15,715 million. The annual profit made by the company is nearly $1,374 million and the total asset of the company is 410,586 million. John P. Surma Jr. is the CEO of the company.
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