United States Steel
Industry: Iron & Steel

United States Steel Corporation is primarily engaged in the production, sale and transportation of steel mill products, coal, coke and taconite pellets (iron ore) in the United States. The Company's other businesses include steel mill products distribution, management of mineral resources, management and development of real estate and engineering and consulting services. Through U. S. Steel Kosice (USSK) in the Slovak Republic, the Company is engaged production and sale of steel mill products and coke primarily for the central and western European markets. The Company has five operating segments: Flat-rolled Products, Tubular Products, USSK, USS Real Estate and Straightline Source.

Business Summary
United States Steel Corporation (U. S. Steel) is an integrated steel producer with major production operations in the United States and Central Europe. U. S. Steel has domestic annual raw steel production capability of 19.4 million net tons (tons) and Central European annual raw steel production capability of 7.4 million tons. U. S. Steel is also engaged in several other business activities, such as production of iron ore pellets from taconite (rock containing iron) in the United States and the production of coke in both the United States and Central Europe; transportation services (railroad and barge operations); real estate operations, and engineering and consulting services. During the year ended December 31, 2004, U. S. Steel had four operating segments: Flat-rolled Products (Flat-rolled), U. S. Steel Europe (USSE), Tubular Products (Tubular) and Real Estate. Straightline was closed to new business, effective December 31, 2003, and was shut down in 2004.

Financial Summary
United States Steel Corp. is engaged in the business of steel mill products, coke, and taconite pellets, the management of mineral resources, coal mining, real estate development and consulting services. For the 6 months ended 6/30/05, revenues rose 16% to $7.37B. Net income applic. to common before acct. change totalled $691M, up from $246M. Results reflect strong demand for steel products and increased gross profit margins.