|Bid||19.62 x 3100|
|Ask||19.63 x 3000|
|Day's Range||19.53 - 20.25|
|52 Week Range||16.41 - 39.25|
|Beta (5Y Monthly)||2.16|
|PE Ratio (TTM)||1.13|
|Earnings Date||Oct 26, 2022 - Oct 31, 2022|
|Forward Dividend & Yield||0.20 (0.99%)|
|Ex-Dividend Date||Aug 05, 2022|
|1y Target Est||26.50|
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The steel industry is part of the basic materials sector and consists of companies involved in steel production, mining, and related activities. Although steel historically has been a major U.S. industry, the number of steel mills that produce the metal has declined sharply in the past several decades due to foreign competition. The World Steel Association forecasts that steel demand will continue to increase this year, but at a much slower pace, rising 0.4%.
United States Steel Corp. will put $150 million into one of its Minnesota iron ore mines for a new product that can be used in state-of-the-art electric arc furnaces. The Pittsburgh-based steelmaker had announced in June that it would build up its capability in direct-reduced pellets at one of its two Minnesota ore facilities, and said during a conference call with analysts in late July that it had chosen Keetac in northern Minnesota for the project. Keetac, and its sister facility Minntac, produce about 22 million tons of taconite pellets used in the traditional blast furnace method of making steel that is used at Mon Valley Works.
KEEWATIN, Minn., October 05, 2022--United States Steel Corporation (NYSE: X) ("U. S. Steel") leadership and employees were joined by Minnesota Governor Tim Walz, other elected officials, and key partners to celebrate the Company’s investment in direct reduced (DR)-grade pellet capabilities at its Minnesota Ore Operations Keetac plant today. The investment marks a step forward in U. S. Steel’s metallics strategy by supplying the increasingly tight DR-grade pellet market and provides the company w