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    Market Segment

    January 29, 2021

    U.S. Steel Bullish on the Market and its Future with Big River Steel

    Written by Sandy Williams

    “What a difference a quarter can make,” exclaimed U.S. Steel President and CEO David Burritt during the opening of the fourth-quarter 2020 earnings call. The company posted positive net earnings of $49 million following a net loss of $234 million in the third quarter and a net loss of $688 million in Q4 2019. Net sales for the latest quarter were $2.6 billion.

    “The team at U.S. Steel created unprecedented value in the trough by continuing our transformation into a world-competitive, Best of Both steel producer,” said Burritt. “With Big River Steel now fully part of the U.S. Steel portfolio, we are well positioned to drive significant earnings growth while delivering our customers an unmatched value proposition. Our future starts now and we cannot wait to show the world the value that the only Best of Both steel company can create.”   

    Sandy Williams

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