United States Steel Corporation (U. S. Steel) is an integrated steel producer with production operations in the United States and Central Europe. The Company has an annual raw steel production capability of 19.4 million net tons (tons) in the United States and 7.4 million tons in Central Europe. U. S. Steel is also engaged in several other business activities, most of which are related to steel manufacturing. These include the production of coke in both the United States and Central Europe, and the production of iron ore pellets from taconite, transportation services (railroad and barge operations) and real estate operations in the United States. During the year ended December 31, 2006, the Company had three operating segments: Flat-rolled Products (Flat-rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular). In June 2007, the Company acquired Lone Star Technologies Inc. In October 2007, the Company acquired Stelco Inc. and Stelco was renamed as U.S. Steel Canada Inc.
I had a position on this stock 2 years ago and now decided to go back into it. Very strong trend over last 10 days and I’m taking dipping opportunity today to pick up a few shares.
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