Company Directory - United States Steel Corporation
Company Details - United States Steel Corporation
United States Steel Corporation
WebsitePittsburgh, United States
United States Steel Corporation (U.S. Steel) is an American integrated steel producer headquartered in Pittsburgh, Pennsylvania. The company is engaged in the manufacturing and distribution of a wide range of steel products for industries such as construction, automotive, and energy.
CCI Score
CCI Score: United States Steel Corporation
-14.96
0.01%
Latest Event
Blocked Acquisition and Missed Opportunity for Economic Statecraft
The Biden administration's decision to block Nippon Steel’s acquisition of U.S. Steel has spurred debate over the role of corporate involvement in strategic economic diplomacy. While the deal might have been leveraged for greater integration of U.S. industry with global markets, U.S. Steel itself has not actively pursued political maneuvers or overt lobbying efforts that would align it with authoritarian economic agendas.
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United States Steel Corporation is currently rated as an Enabler.
Latest Events
- JAN122025
The Biden administration's decision to block Nippon Steel’s acquisition of U.S. Steel has spurred debate over the role of corporate involvement in strategic economic diplomacy. While the deal might have been leveraged for greater integration of U.S. industry with global markets, U.S. Steel itself has not actively pursued political maneuvers or overt lobbying efforts that would align it with authoritarian economic agendas.
+10
Public and Political Behavior
March 22
U.S. Steel's involvement in the acquisition process did not include overt political lobbying or alignment with autocratic agendas. The company appears relatively neutral in its public political behavior, avoiding entanglement in efforts that could support authoritarian economic statecraft.
From U.S. Steel to the ‘Art of the Deal’ — Trump’s opportunity for economic statecraft
+15
Economic and Structural Influence
March 22
The decision to block the acquisition curtailed what could have been a significant channel for economic integration and strategic leverage. Although this prevented the potential misuse of economic statecraft for authoritarian gains, it also reflects a missed opportunity for U.S. Steel to play a more influential role in shaping international economic relations.
From U.S. Steel to the ‘Art of the Deal’ — Trump’s opportunity for economic statecraft
- JAN072025
The blocked attempted takeover of U.S. Steel by Nippon Steel brought to light concerning corporate practices, including the pressure on union workers and opaque executive benefits. These actions raise questions about U.S. Steel’s commitment to worker rights and transparent political engagement.
-30
Executive Political Engagement
March 22
U.S. Steel’s executive actions, such as the controversial $72 million golden parachute for its outgoing executive and the leaking of union communications during merger discussions, indicate a troubling level of executive political engagement. These decisions appear to align executive interests with corporate special interests rather than prioritizing transparent governance and democratic accountability.
-35
Labor Relations and Human Rights Practices
March 22
Reports indicate that U.S. Steel engaged in tactics undermining labor rights, including pressuring local union workers to sign petitions in favor of the merger and leaking union communications. Such practices compromise worker protections and labor relations, aligning with broader patterns of corporate complicity in eroding democratic labor standards.
- JAN062025
U.S. Steel, alongside Nippon Steel, has initiated lawsuits contesting President Biden's decision to block the $14.1 billion acquisition on national security grounds. The legal action, which cites violations of constitutional due process and alleges politically motivated interference, comes with CEO David Burritt’s harsh criticism of the administration, accusing it of corruption and political payback. This move is seen as an aggressive effort to overturn regulatory safeguards favoring national and labor interests.
-70
Executive Political Engagement
April 7
U.S. Steel's CEO David Burritt openly denounced the Biden administration’s decision, using charged language ('shameful and corrupt') to frame the move as an act of political payback. This aggressive executive political engagement prioritizes corporate consolidation over democratic accountability, indicating a disregard for checks on corporate power.
The Biden Administration’s U.S. Steel Decision: Lawsuits, Reactions, and Implications
-50
Regulatory Capture
April 7
By filing lawsuits to overturn a government decision meant to safeguard national security and market integrity, U.S. Steel appears to be seeking to weaken regulatory oversight. This effort to challenge the established review process suggests a drive toward regulatory capture, potentially undermining public policy designed to protect competitive and democratic economic structures.
The Biden Administration’s U.S. Steel Decision: Lawsuits, Reactions, and Implications
- JAN042025
U.S. Steel's attempted sale to Nippon Steel was blocked by President Biden over national security concerns, triggering a contentious debate among local union members, political figures, and community leaders about job security and corporate responsibility.
-30
Public and Political Behavior
March 22
U.S. Steel's push for a high-value sale to Nippon Steel, and its subsequent legal and public challenge against President Biden’s decision, reflects a politically charged strategy that risks undermining democratic oversight. The company’s approach demonstrates a willingness to engage in maneuvers that blur the line between corporate interests and political influence, raising concerns about its role in the broader political landscape.
President Biden blocked the U.S. steel deal. How are people in Pennsylvania reacting.
-20
Economic and Structural Influence
March 22
The cancellation of the merger has significant economic and structural implications for local communities. With promises of major investments and job security on the table, the blocked deal casts doubt on the company’s commitment to maintaining economic stability and supporting its workforce, potentially exacerbating local economic distress.
President Biden blocked the U.S. steel deal. How are people in Pennsylvania reacting.
- JAN032025
After President Biden blocked Nippon Steel's $14 billion bid to acquire U.S. Steel, the company warned that without the cash infusion, it might shift from aging, unionized blast furnaces to cheaper nonunion electric arc furnaces and relocate its headquarters out of Pittsburgh. This move raises concerns about undermining established labor protections and harming local economic stability.
-70
Labor Relations and Human Rights Practices
April 7
U.S. Steel's expressed plan to switch to nonunion production and potentially move its headquarters suggests a prioritization of cost-saving measures over the protection of unionized labor and community interests. Such a move risks weakening labor rights and undermining the economic stability of the local workforce, running contrary to progressive and anti-authoritarian values.
Biden blocks $14 billion acquisition of US Steel by Japan’s Nippon Steel
- DEC312024
In Q4 2024, U.S. Steel dramatically increased its lobbying spending by over 1000% to $740,000, primarily engaging Hogan Lovells US LLP. The effort was part of a broader push alongside Nippon Steel to finalize a $14.9 billion acquisition deal, although the deal remains blocked following earlier intervention.
-70
Political Contributions and Lobbying Efforts
April 7
U.S. Steel's massive increase in lobbying spending in Q4 2024 signals an aggressive attempt to influence policy in support of its acquisition ambitions. This corporate political behavior can undermine transparent democratic processes and concentrates power in corporate hands, aligning with authoritarian influences that raise serious concerns from an anti-fascist perspective.
- MAR142024
President Biden intervened to block Nippon Steel’s proposed acquisition of U.S. Steel, emphasizing that American ownership is vital for national security and the protection of domestic jobs. This move reinforces U.S. Steel’s standing as a symbol of American industrial strength.
+80
Public and Political Behavior
March 22
This event highlights strong public and political behavior by ensuring that a vital American industrial asset remains domestically controlled. The intervention supports national security and exemplifies a commitment to preserving democratic interests over foreign economic influence.
Biden voices concern over proposed Japanese purchase of U.S. Steel - The Washington Post
+70
Economic and Structural Influence
March 22
By blocking the acquisition, the government action preserves the economic structure that supports American manufacturing and labor. This intervention minimizes the risk of economic collaboration with foreign entities that could potentially undermine domestic control over critical industries.
Biden voices concern over proposed Japanese purchase of U.S. Steel - The Washington Post
- JAN012024
US Steel's profile on OpenSecrets reveals significant political activity, including $3.475 million spent on lobbying in 2024 and a high proportion of lobbyists with previous government positions. These practices raise concerns about the influence of corporate spending and a revolving door between government and industry, potentially undermining democratic accountability.
-40
Political Contributions and Lobbying Efforts
April 7
US Steel’s considerable lobbying spending of $3.475 million in the 2024 cycle, relative to its campaign contributions, implies an outsized effort to influence policy in favor of corporate interests. This raises red flags from an anti-authoritarian perspective, as such political spending can distort democratic processes.
-30
Executive Political Engagement
April 7
The revolving door phenomenon is highlighted by the fact that a significant majority of US Steel's lobbyists—8 out of 10 in 2023 and 22 out of 26 in 2024—have previously held government positions. This blurring of lines between public service and corporate lobbying could compromise democratic integrity by favoring corporate interests over the public good.
- DEC182023
On December 18, 2023, Nippon Steel announced its $14.9 billion offer to acquire US Steel. The deal promises substantial capital investments, the honoring of existing labor agreements, a significant technology transfer including advanced blast furnace technology, and measures aimed at protecting American jobs and stabilizing local economies.
+40
Public and Political Behavior
April 7
Despite notable political debates—with opposition from some union leaders and political figures—the strong local union rallies and community support highlight a public commitment to preserving American industry and worker rights. This robust engagement indicates a positive stance under the Public and Political Behavior category.
The Real Deal for US Steel: A Comprehensive Analysis of the Nippon Steel–US Steel Purchase
+50
Business Practices and Ethical Responsibility
April 7
The deal includes clear commitments to adhere to existing labor agreements, invest billions in upgrading aging facilities, and protect unionized jobs. These initiatives demonstrate strong ethical business practices that support worker rights and community stability.
The Real Deal for US Steel: A Comprehensive Analysis of the Nippon Steel–US Steel Purchase
+40
Technology and Services Impact
April 7
The acquisition includes the transfer of cutting-edge blast furnace technology and a commitment to share a significant annual R&D budget. This focus on technology transfer and modernization is positioned to drive sustainable steel production improvements and lower carbon emissions, furthering a progressive technological impact.
The Real Deal for US Steel: A Comprehensive Analysis of the Nippon Steel–US Steel Purchase
+45
Economic and Structural Influence
April 7
The proposed acquisition is structured to maintain and enhance US steel production capacity, safeguard local economic impact, and counter foreign economic aggression. This structural reinforcement offers positive implications for national security and economic stability, ensuring the longevity of American industrial capabilities.
The Real Deal for US Steel: A Comprehensive Analysis of the Nippon Steel–US Steel Purchase
- DEC182023
Nippon Steel has offered a $14.9 billion all-cash bid to acquire US Steel, including a 40% premium on its share price. The proposal promises to honor existing labor agreements, invest $2.7 billion in upgrading facilities, and relocate its North American headquarters to Pittsburgh. The deal has sparked political debate with opposition from figures like President-elect Donald Trump and concerns raised by the United Steelworkers union, while local stakeholders and national security advocates see potential benefits.
+15
Public and Political Behavior
April 7
The bid has attracted significant political attention, with bipartisan reactions including opposition by far-right aligned figures and support from national security advocates. This indicates a politicized climate where maintaining control over a key industry counters potential authoritarian economic interference.
Nippon Steel Deal Will Strengthen US Steel and National Security
+30
Business Practices and Ethical Responsibility
April 7
The deal includes strong business practices such as a pledge to honor existing labor agreements and a substantial investment in upgrading facilities. These commitments foster improved worker conditions and community development, aligning with ethically responsible practices.
Nippon Steel Deal Will Strengthen US Steel and National Security
+10
Technology and Services Impact
April 7
The proposed $2.7 billion capital investment is expected to modernize US Steel’s facilities, thereby enhancing the company’s technological capabilities and competitiveness. This upgrade serves to improve operational resilience in a rapidly evolving industrial sector.
Nippon Steel Deal Will Strengthen US Steel and National Security
+20
Economic and Structural Influence
April 7
The structure of the acquisition, featuring a 40% premium and strong emphasis on domestic stability, is designed to reinforce the US steel supply chain and secure strategic economic interests. This move is seen as bolstering the industry against foreign market pressures and protecting national economic sovereignty.
Nippon Steel Deal Will Strengthen US Steel and National Security
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