U. S. Steel Confirms Major Near-Term Expansion of Sustainability Commitments at Ceres 2021
March 24 2021 - 12:24PM
Business Wire
United States Steel Corporation (NYSE: X) today announced its
enhanced commitment to sustainable practices and the 2021
introduction of a new sustainable steel product line, verdeX™.
These commitments were confirmed during the company’s leadership
presence on the sustainable steel panel of the Ceres Conference
2021: Transform Tomorrow Today.
The lead panelist for U. S. Steel was Senior Vice President and
Chief Strategy and Development Officer Richard L. Fruehauf who
reiterated the company’s commitment to reducing greenhouse gas
emissions intensity. He further highlighted major technological
advances, producing some of the most advanced high strength steels
at the company’s LEED® certified Big River Steel subsidiary.
“We know that the urgency of the climate crisis requires more
from all of us,” U. S. Steel President and Chief Executive Officer
David B. Burritt emphasized in a special message viewable at
https://www.youtube.com/watch?v=yC3tt44YtOs. “So, we’re changing
our portfolio of steelmaking technologies. Creating something new,
steels that are best for our customers and best for our planet.
Together we can build a sustainable future.”
Also during the panel discussion, U. S. Steel Senior Vice
President and Chief Commercial Officer Kenneth E. Jaycox unveiled
the company's new sustainable steel product line, verdeX. U. S.
Steel is now capable of producing some of the most advanced high
strength steels with only a quarter of the carbon dioxide emissions
previously required. The company is now partnering with customers
to introduce U. S. Steel's verdeX line of sustainable steel, so
they can offer even more sustainable products to consumers.
Information on verdeX can be viewed here:
https://youtu.be/NcyK_uFqNQg. Additional detail will be provided at
www.ussteel.com in the coming weeks.
Founded in 1901, the United States Steel Corporation is a
Fortune 250 company and a leading steel producer. Together with its
subsidiary Big River Steel and an unwavering focus on safety, the
company’s customer-centric Best of Both℠ world-competitive
integrated and mini mill technology strategy is advancing a more
secure, sustainable future for U. S. Steel and its stakeholders.
With a renewed emphasis on innovation, U. S. Steel serves the
automotive, construction, appliance, energy, containers, and
packaging industries with high value-added steel products such as
U. S. Steel’s proprietary XG3™ advanced high-strength steel. The
company also maintains competitively advantaged iron ore production
and has an annual raw steelmaking capability of 26.2 million net
tons. U. S. Steel is headquartered in Pittsburgh, Pennsylvania,
with world-class operations across the United States and in Central
Europe. For more information, please visit www.ussteel.com.
Forward-Looking Statements
This release contains information that may constitute
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. We intend the
forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements in those sections.
Generally, we have identified such forward-looking statements by
using the words “believe,” “expect,” “intend,” “estimate,”
“anticipate,” “project,” “target,” “forecast,” “aim,” "should,"
“will,” "may" and similar expressions or by using future dates in
connection with any discussion of, among other things, operating
performance, trends, events or developments that we expect or
anticipate will occur in the future, changes in global supply and
demand conditions and prices for our products, the integration of
Big River Steel in our existing business, business strategies
related to the combined business, and statements expressing general
views about future operating results. However, the absence of these
words or similar expressions does not mean that a statement is not
forward-looking. Forward-looking statements are not historical
facts, but instead represent only the Company’s beliefs regarding
future events, many of which, by their nature, are inherently
uncertain and outside of the Company’s control. It is possible that
the Company’s actual results and financial condition may differ,
possibly materially, from the anticipated results and financial
condition indicated in these forward-looking statements. Management
believes that these forward-looking statements are reasonable as of
the time made. However, caution should be taken not to place undue
reliance on any such forward-looking statements because such
statements speak only as of the date when made. The Company
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law. In addition,
forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from the Company's historical experience and our present
expectations or projections. These risks and uncertainties include,
but are not limited to the risks and uncertainties described in
“Item 1A. Risk Factors” in our Annual Report on Form 10-K for the
year ended December 31, 2020, and those described from time to time
in our future reports filed with the Securities and Exchange
Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20210324005765/en/
John Ambler Vice President Corporate Communications T – (412)
433-2407 E – joambler@uss.com Kevin Lewis Vice President Investor
Relations T – (412) 433-6935 E – klewis@uss.com
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