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US Steel Corporation 

Wall Street Education
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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

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27 июл 2024

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Комментарии : 52   
@WallStreetEducation
@WallStreetEducation 8 месяцев назад
Did you like the video? Share your opinion in the comments and let's discuss 👇
@markantony3875
@markantony3875 Год назад
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 10 месяцев назад
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
@WAL_DC-6B
@WAL_DC-6B Год назад
Don't forget all the rails produced for much of the American railroad network by U.S. Steel's South Works and Gary Works.
@jivepatrol6833
@jivepatrol6833 Год назад
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.
@FlintForgfire
@FlintForgfire Год назад
Thanks for an informative summary of the history of US Steel.
@Knight_Kin
@Knight_Kin Год назад
I own both US Steel and Marathon Oil stock without realizing they were merged a few decades ago. Thanks for the video!
@oldgoat50
@oldgoat50 2 месяца назад
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.🥴
@ShamileII
@ShamileII 7 месяцев назад
Great video! This history of steel is the history of American manufacturing. Too bad, we have let get away from us.
@axenium_roxide
@axenium_roxide Год назад
Very neatly crafted historical video. Informative as well.
@blaxmith64
@blaxmith64 Год назад
Ras Dennis on the excellent narration, nice job!
@telleyvestal3351
@telleyvestal3351 Год назад
I wish they had a big US Steel corp here in Durham NC I would work there and deliver mail too 👍😎
@danielthoman7324
@danielthoman7324 8 месяцев назад
You may not like it after you've been there for a while. It's not all fun and games.😮😮😮
@user-ot9ms6vx8h
@user-ot9ms6vx8h 11 месяцев назад
We need the new improved version today
@annawhite6316
@annawhite6316 Год назад
Realy great american company
@WallStreetEducation
@WallStreetEducation Год назад
definitely
@anonanon1879
@anonanon1879 Год назад
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
@user-zx8de8op9l
@user-zx8de8op9l 2 месяца назад
Well done
@cervelo9465
@cervelo9465 Год назад
The current market cap is stated as $6 billion. It has a nice ticker $X and a nice low PE.
@christdidier7355
@christdidier7355 9 месяцев назад
Thanks !
@cmw184
@cmw184 5 месяцев назад
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
@Bol3D_Comics
@Bol3D_Comics Год назад
Thanks
@jamesmassa4592
@jamesmassa4592 Год назад
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.
@OnStar407
@OnStar407 3 месяца назад
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 2 месяца назад
Philanthropists that would crush any movement by their workers seeking a living wage
@psychiatry-is-eugenics
@psychiatry-is-eugenics Год назад
0:39 National Steel Corporation was bought by USS in 2003 as mentioned at 9:54 .
@psychiatry-is-eugenics
@psychiatry-is-eugenics Год назад
did not know there was a National Steel in 1901 . And was not the same company as National Steel Corporation
@curtislowe4577
@curtislowe4577 Месяц назад
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.
@paulsaragosa371
@paulsaragosa371 6 месяцев назад
I work at Bethlehem steel Maywood CA on slauson
@lokesh303101
@lokesh303101 5 месяцев назад
Need Investments in RailRoads of Broadgauge with Dual use of Tracks for Freight and Passenger Railtraffic but with segregated Highspeed Railroad Infrastructures.
@paulsaragosa371
@paulsaragosa371 6 месяцев назад
Awesome ima found ry brother 4 time s
@FrankFriedrich-lc6ie
@FrankFriedrich-lc6ie 2 месяца назад
Not quite, Carnegie sold the steel company to jp Morgan
@AGoodJoe
@AGoodJoe 5 месяцев назад
I think Shwab and Rothschild pic got mixed up at 1:25….great video though
@jamesmassa4592
@jamesmassa4592 Год назад
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.
@paulsaragosa371
@paulsaragosa371 6 месяцев назад
I work ed in area alloys found ry myself and discovered lead found myself
@Don-em4kc
@Don-em4kc 6 месяцев назад
Sold to a Japanese company
@thedude3620
@thedude3620 11 месяцев назад
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 8 месяцев назад
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 7 месяцев назад
Who says they are closing down?
@DG-bb1jz
@DG-bb1jz 6 месяцев назад
Nah they ain’t closing. Japanese steel company buying em
@whhaaazzzuup404
@whhaaazzzuup404 7 месяцев назад
where did they mine the iron for the steel?
@davefleming1117
@davefleming1117 5 месяцев назад
Northern Minnesota
@ralphnolan3187
@ralphnolan3187 7 месяцев назад
Japan owns uss
@woodsmonkey2265
@woodsmonkey2265 Месяц назад
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.
@lucmarchand617
@lucmarchand617 7 месяцев назад
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.😮
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