Company profile

Future of United States Steel

#
Rank
955
| Quantumrun Global 1000

The United States Steel Corporation, ordinarily known as U.S. Steel, is a US integrated steel manufacturer with significant production operations in Canada, Central Europe, and the United States. The company was the fifteenth biggest steel manufacturer in 2014.

Home Country:
Sector:
Industry:
Metals
Founded:
1901
Global employee count:
29800
Domestic employee count:
18000
Number of domestic locations:
33

Financial Health

Revenue:
$10261000000 USD
3y average revenue:
$13114000000 USD
Operating expenses:
$10426000000 USD
3y average expenses:
$13432000000 USD
Funds in reserve:
$1515000000 USD
Market country
Revenue from country
0.78

Asset Performance

  1. Product/Service/Dept. name
    Flat-rolled
    Product/Service revenue
    7507000000
  2. Product/Service/Dept. name
    USSE
    Product/Service revenue
    2243000000
  3. Product/Service/Dept. name
    Tubular
    Product/Service revenue
    449000000

Innovation assets and Pipeline

Total patents held:
524

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the materials sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, advances in nanotech and material sciences will result in a range of materials that are stronger, lighter, heat and impact resistant, shapeshifting, among other exotic properties. These new materials will enable significantly novel design and engineering possibilities that will impact a variety of sectors from motor vehicles to aerospace to construction and more.

*The increased consumption of these novel materials will lead to higher profit margins for materials sector companies during the late 2020s and long-term growth prospects well into the 2030s.

*By 2050, the world population will rise above nine billion, over 80 percent of whom will live in cities. Unfortunately, the infrastructure needed to accommodate this influx of urbanites does not currently exist, meaning the 2020s to the 2040s will see an unprecedented growth in urban development projects globally, projects fed by resource extraction and materials companies.

*Automation will significantly reduce the operating costs of mining raw materials, as mining companies will gain access to trucks and drilling machines that are increasingly operated by advanced AI systems. These reduced costs will at first lead to higher profit margins for market leading mining companies, but will shrink once these automation technologies become normalized throughout the mining industry.

*While the rise of renewables will result in less drilling business for hydrocarbons, it will increase mining contracts for materials related renewables, such as lithium for solid-state batteries.

*The growing cultural awareness and acceptance of climate change is accelerating the public’s demand for cleaner energy and resource extraction practices, a trend that will lead to stricter regulations by the late 2020s.

COMPANY’S FUTURE PROSPECTS

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