US Steel Corporation
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- čas přidán 8. 06. 2024
- US Steel Corporation
The history of the creation and formation of US Steel Corporation.
The history of the United States Steel Corporation began in 1901 in New Jersey. A number of well-known businessmen participated in its creation, including Andrew Carnegie, Elbert Gary, Charles Schwab and JP Morgan.
Time codes:
Carnegie founded the Carnegie Steel Company based in Pittsburgh, Pennsylvania and Gary founded the Federal Steel Company based in Chicago...
00:00 Foundation US Steel Corporation
00:27 First president
01:41 famous structures
02:52 Purchase of Tennessee Coal
03:15 Great Depression
04:03 The Second World War
04:38 Postwar years
06:17 Carl Icahn wins
07:39 Largest steel producer in the US
09:12 Separation of companies
10:12 Purchase of Lone Star Technologies
10:51 Company today
Did you like the video? Share your opinion in the comments and let's discuss 👇
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.
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
Don't forget all the rails produced for much of the American railroad network by U.S. Steel's South Works and Gary Works.
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.
Thanks for an informative summary of the history of US Steel.
I own both US Steel and Marathon Oil stock without realizing they were merged a few decades ago. Thanks for the video!
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.🥴
Very neatly crafted historical video. Informative as well.
Great video! This history of steel is the history of American manufacturing. Too bad, we have let get away from us.
Well done
Ras Dennis on the excellent narration, nice job!
The current market cap is stated as $6 billion. It has a nice ticker $X and a nice low PE.
We need the new improved version today
I wish they had a big US Steel corp here in Durham NC I would work there and deliver mail too 👍😎
You may not like it after you've been there for a while. It's not all fun and games.😮😮😮
Thanks !
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
Realy great american company
definitely
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
Thanks
0:39 National Steel Corporation was bought by USS in 2003 as mentioned at 9:54 .
did not know there was a National Steel in 1901 . And was not the same company as National Steel Corporation
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.
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
Philanthropists that would crush any movement by their workers seeking a living wage
Need Investments in RailRoads of Broadgauge with Dual use of Tracks for Freight and Passenger Railtraffic but with segregated Highspeed Railroad Infrastructures.
I work at Bethlehem steel Maywood CA on slauson
where did they mine the iron for the steel?
Northern Minnesota
I think Shwab and Rothschild pic got mixed up at 1:25….great video though
Awesome ima found ry brother 4 time s
I work ed in area alloys found ry myself and discovered lead found myself
Not quite, Carnegie sold the steel company to jp Morgan
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.
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.
I worked there a long time ago. Over 15 years. I'm surprised it hasn't gone under already. only time will tell.🤔
Who says they are closing down?
Nah they ain’t closing. Japanese steel company buying em
Japan owns uss
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.😮
Sold to a Japanese company