United States Steel

Industry: Iron Steel

Fortune Rank: 211

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 totaled $691M, up from $246M. Results reflect strong demand for steel products and increased gross profit margins.

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.

United States Steel

United States Steel achieved revenue of $11,048.00 million in 2010 but posted a loss of $-1,401.00 million.

United States Steel's rank changes

The company's ranking in 2010 was a decline from 2009 when it was ranked 105th on the Fortune 500. The Previous ranking was based on its 2009 revenue of $23,754 million (a change of -12 million compared to 2010) and profits of $2,112 million (a change of -3 million compared to 2010).

Another point of view

To many investors, profits are more important than revenue a company earns, If the Fortune 500 was ranked by profits instead of revenue then United States Steel would be ranked 476th rather than 211th due to the fact it made a loss of $-1,401 million in 2010.

United States Steel Revenue* Profit* Fortune Ranking

* US$ Million

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