US Steel Corporation

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  • Опубліковано 6 жов 2024

КОМЕНТАРІ • 59

  • @WallStreetEducation
    @WallStreetEducation  10 місяців тому +5

    Did you like the video? Share your opinion in the comments and let's discuss 👇

    • @Pyro-et9vs
      @Pyro-et9vs 5 днів тому +1

      Just watched a video about a modern chinese hammer and an old 1900’s american sledgehammer getting put into a hydraulic press. Guess which one didn’t deform?

  • @WAL_DC-6B
    @WAL_DC-6B Рік тому +20

    Don't forget all the rails produced for much of the American railroad network by U.S. Steel's South Works and Gary Works.

  • @markantony3875
    @markantony3875 Рік тому +19

    In Pittsburgh, U.S. Steel owned mills ran continuously for 40 miles along the Ohio and Monongahela Rivers. Today, all that is left is the Edgar Thompson Works, the Irvin Works, and the Clairton Coke Works. Everything else has been torn down.

    • @Mck499
      @Mck499 Рік тому +5

      The duquesne plant was a beast. I currently work at the clairton coke works and you can kinda tell that uss doesn't care about mvw's anymore

    • @joegoldman3065
      @joegoldman3065 24 дні тому

      Delivery unions took down this once Mighty industry because they got a settlement in the 1960s that allowed them to retire at age 50 with full benefits no Workforce can support that many retirees and nobody else America was retiring from Blue Collar jobs in Union jobs at the age of 50 with the steel workers drove a stake Into the Heart of the business and now the steel workers complain about the fact that there are a few jobs

  • @cmw184
    @cmw184 8 місяців тому +6

    I think a big reason for smelters being closed down, besides cheaper labor and emissions, is recycled steel. Theres so much scrap steel in circulation today.. not much new steel is needed, so the recycled steel makes up for the lack of smelters

  • @jivepatrol6833
    @jivepatrol6833 Рік тому +11

    Very nice historical summary! Also the Mighty Mackinac Bridge from Michigan's Lower to Upper Pennisula was built by USS American Bridge Division. It's an engineering marvel and the workers had to overcome many challenges during construction. This company has created a great deal of value for the country and should get recognition for it.

  • @cervelo9465
    @cervelo9465 Рік тому +8

    The current market cap is stated as $6 billion. It has a nice ticker $X and a nice low PE.

  • @telleyvestal3351
    @telleyvestal3351 Рік тому +8

    I wish they had a big US Steel corp here in Durham NC I would work there and deliver mail too 👍😎

    • @danielthoman7324
      @danielthoman7324 10 місяців тому +2

      You may not like it after you've been there for a while. It's not all fun and games.😮😮😮

  • @FlintForgfire
    @FlintForgfire Рік тому +7

    Thanks for an informative summary of the history of US Steel.

  • @ShamileII
    @ShamileII 9 місяців тому +5

    Great video! This history of steel is the history of American manufacturing. Too bad, we have let get away from us.

  • @Knight_Kin
    @Knight_Kin Рік тому +8

    I own both US Steel and Marathon Oil stock without realizing they were merged a few decades ago. Thanks for the video!

    • @oldgoat50
      @oldgoat50 5 місяців тому

      When USS bought Marathon oil for something like 5 billion the workers got screwed as we were to get a raise and they froze our wages for 2-3 years? Can't recall how long, but when I retired in 1-1-2000 after 30 years I was making $13.60 an hour.🥴

  • @user-zx8de8op9l
    @user-zx8de8op9l 5 місяців тому +4

    Well done

  • @MikeMMartinIII
    @MikeMMartinIII Рік тому +6

    We need the new improved version today

  • @axenium_roxide
    @axenium_roxide Рік тому +4

    Very neatly crafted historical video. Informative as well.

  • @annawhite6316
    @annawhite6316 Рік тому +9

    Realy great american company

    • @WallStreetEducation
      @WallStreetEducation  Рік тому +1

      definitely

    • @anonanon1879
      @anonanon1879 Рік тому

      Great?? They released an unimaginable amount of toxic air pollution. Whole cities filled with people who suffer health problems bc of u.s. steel. They are greedy and evil

  • @jamesmassa4592
    @jamesmassa4592 Рік тому +2

    I think the people in the United States who founded the steel industry and their descendants are hard working people and I have watched many documentaries about steel manufacturing workers; and they look like some of the best workers and citizens in the United States and I wish them all well. They had a tough job supplying and supporting American military and their allies over the years and I support them for this.

  • @blaxmith64
    @blaxmith64 Рік тому +3

    Ras Dennis on the excellent narration, nice job!

  • @psychiatry-is-eugenics
    @psychiatry-is-eugenics Рік тому +3

    0:39 National Steel Corporation was bought by USS in 2003 as mentioned at 9:54 .

    • @psychiatry-is-eugenics
      @psychiatry-is-eugenics Рік тому +1

      did not know there was a National Steel in 1901 . And was not the same company as National Steel Corporation

  • @christdidier7355
    @christdidier7355 11 місяців тому +3

    Thanks !

  • @Bol3D_Comics
    @Bol3D_Comics Рік тому +3

    Thanks

  • @thedude3620
    @thedude3620 Рік тому +14

    Too bad theyre cloaing down soon. It was only a matter of time. They looking to sell off all their assets and end their long line of steel making and steel workers.

    • @danielthoman7324
      @danielthoman7324 10 місяців тому +3

      I worked there a long time ago. Over 15 years. I'm surprised it hasn't gone under already. only time will tell.🤔

    • @maryfurko4692
      @maryfurko4692 9 місяців тому +2

      Who says they are closing down?

    • @DG-bb1jz
      @DG-bb1jz 9 місяців тому +4

      Nah they ain’t closing. Japanese steel company buying em

    • @BMLocal374
      @BMLocal374 Місяць тому

      That mill in Gary is going nowhere

  • @jamesmassa4592
    @jamesmassa4592 Рік тому +2

    I think the steel related companies in Philadelphia in the United States are comprised of some great hard working people who have a tough job over there. I have studied a lot of the situation in Philadelphia and their churches and culture seem brilliant; and I am certain the steel companies over there and their workers are great hard working Americans and I wish them all.

  • @OnStar407
    @OnStar407 6 місяців тому

    I am related to a lot of great people. Andrew Carnegie is one that I am most proud of. An amazing person who rose from poverty and experienced first hand the problems shared by many people - and became hugely successful. He gifted the world with many, many free learning centers aka libraries. Over 3000 buildings and the books within them. I am proud to have seen for myself that the greatest philanthropists and business leaders this country has ever seen were not robber barons - get it right.
    They are Robert's barons.
    2:37 2:37

    • @KAM-zi9zl
      @KAM-zi9zl 4 місяці тому +1

      Philanthropists that would crush any movement by their workers seeking a living wage

    • @WAL_DC-6B
      @WAL_DC-6B 2 місяці тому

      @@KAM-zi9zl As Harry S Truman once said, "the Carnegie libraries are steeped in the blood of the Homestead steel workers."

  • @AGoodJoe
    @AGoodJoe 8 місяців тому

    I think Shwab and Rothschild pic got mixed up at 1:25….great video though

  • @lokesh303101
    @lokesh303101 8 місяців тому +1

    Need Investments in RailRoads of Broadgauge with Dual use of Tracks for Freight and Passenger Railtraffic but with segregated Highspeed Railroad Infrastructures.

  • @paulsaragosa371
    @paulsaragosa371 8 місяців тому +1

    I work at Bethlehem steel Maywood CA on slauson

  • @curtislowe4577
    @curtislowe4577 3 місяці тому

    I binge watched two other history of steel industry in America videos tonight also. This video and the other two all feature the same detail error: the exterior shot of an impressive installation is NOT of steel making equipment. In all three videos the impressive equipment are blast furnaces and the stoves that preheat the incoming air. Blast furnaces layer iron ore (taconite), coke and limestone to form a reducing atmosphere that produces liquid iron and separates the impurities in the taconite as slag. The liquid iron is drawn off into firebrick lined rail cars called torpedo cars for transport to the actual steel making portion of the plant. The liquid iron also called pig iron has far too much carbon in it to be useful for steel and must be further refined to remove the carbon as well as having alloying elements and scrap steel added. I find it odd that so many steel industry documentary makers blithely fail to actually teach something with their documentaries. The dual inclines for the skip car tracks are a dead giveaway as are the somewhat shorter cylinders of the hot blast stoves or Cowper stoves. A caption at the bottom stating "blast furnaces and hot blast stoves to extract liquid iron from ore" would let people know that what they are being shown is just the pig iron part of the steel making process.

    • @joegoldman3065
      @joegoldman3065 24 дні тому

      As for Andrew Carnegie the great from the philanthropists his role is that he would give a town a library building with they had to fill it with books which was like genius idea absolutely it would be very careful before they signed on to get the building but give it books they did he was the greatest American ever

  • @FrankFriedrich-lc6ie
    @FrankFriedrich-lc6ie 4 місяці тому

    Not quite, Carnegie sold the steel company to jp Morgan

  • @paulsaragosa371
    @paulsaragosa371 8 місяців тому +1

    I work ed in area alloys found ry myself and discovered lead found myself

  • @whhaaazzzuup404
    @whhaaazzzuup404 9 місяців тому

    where did they mine the iron for the steel?

  • @paulsaragosa371
    @paulsaragosa371 8 місяців тому

    Awesome ima found ry brother 4 time s

  • @woodsmonkey2265
    @woodsmonkey2265 3 місяці тому +1

    I work @ cleveland cliffs butler works. I am proud to be a steel mill blue collar man in a world full of simps and pansies.

  • @ralphnolan3187
    @ralphnolan3187 9 місяців тому +4

    Japan owns uss

  • @MohammadhSiddeeqhk7k
    @MohammadhSiddeeqhk7k Місяць тому

    1:04

  • @lucmarchand617
    @lucmarchand617 9 місяців тому +1

    They build quebec cartier mining own huge deposit iron ore long time.build mount wright iron ore huge progect.the company sold later to arcelor mittal huge amount money.the investment with stelco never reach what they want sold huge lost.us steel sold to japan steel is not very with us gov't because pentagon big buyers steel.the book about company is well plan.thanks video.😮

  • @saidameziani7297
    @saidameziani7297 25 днів тому +1

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  • @Don-em4kc
    @Don-em4kc 8 місяців тому +8

    Sold to a Japanese company