US Steel Corporation
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Published 2022-11-12
The history of the creation and formation of US Steel Corporation.
The history of the United States Steel Corporation began in 1901 in New Jersey. A number of well-known businessmen participated in its creation, including Andrew Carnegie, Elbert Gary, Charles Schwab and JP Morgan.
Time codes:
Carnegie founded the Carnegie Steel Company based in Pittsburgh, Pennsylvania and Gary founded the Federal Steel Company based in Chicago...
00:00 Foundation US Steel Corporation
00:27 First president
01:41 famous structures
02:52 Purchase of Tennessee Coal
03:15 Great Depression
04:03 The Second World War
04:38 Postwar years
06:17 Carl Icahn wins
07:39 Largest steel producer in the US
09:12 Separation of companies
10:12 Purchase of Lone Star Technologies
10:51 Company today
All Comments (21)
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Did you like the video? Share your opinion in the comments and let's discuss 👇
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Don't forget all the rails produced for much of the American railroad network by U.S. Steel's South Works and Gary Works.
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In Pittsburgh, U.S. Steel owned mills ran continuously for 40 miles along the Ohio and Monongahela Rivers. Today, all that is left is the Edgar Thompson Works, the Irvin Works, and the Clairton Coke Works. Everything else has been torn down.
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Well done
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Very nice historical summary! Also the Mighty Mackinac Bridge from Michigan's Lower to Upper Pennisula was built by USS American Bridge Division. It's an engineering marvel and the workers had to overcome many challenges during construction. This company has created a great deal of value for the country and should get recognition for it.
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I think a big reason for smelters being closed down, besides cheaper labor and emissions, is recycled steel. Theres so much scrap steel in circulation today.. not much new steel is needed, so the recycled steel makes up for the lack of smelters
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I own both US Steel and Marathon Oil stock without realizing they were merged a few decades ago. Thanks for the video!
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Thanks for an informative summary of the history of US Steel.
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I wish they had a big US Steel corp here in Durham NC I would work there and deliver mail too 👍😎
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Great video! This history of steel is the history of American manufacturing. Too bad, we have let get away from us.
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We need the new improved version today
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Realy great american company
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Sold to a Japanese company
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The current market cap is stated as $6 billion. It has a nice ticker $X and a nice low PE.
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Very neatly crafted historical video. Informative as well.
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Ras Dennis on the excellent narration, nice job!
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Thanks !
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Thanks
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I think the people in the United States who founded the steel industry and their descendants are hard working people and I have watched many documentaries about steel manufacturing workers; and they look like some of the best workers and citizens in the United States and I wish them all well. They had a tough job supplying and supporting American military and their allies over the years and I support them for this.
