On the Record · United States Steel

United States Steel acquisitions, on the record

The businesses United States Steel bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
Big River Steel Word for word“On January 15, 2021, U. S. Steel purchased the remaining equity interest in Big River Steel for approximately $ 625 million in cash net of $ 36 million and $ 62 million in cash and restricted cash received, respectively, and the assumption of liabilities of approximately $ 50 million.” 10-K for 2022	acquisition	January 15, 2021	approximately $ 625 million
Transtar Word for word“We rely primarily on third parties, including the recently divested Transtar business, for transportation of the products we manufacture as well as delivery of our raw materials.” 10-K for 2022	divestiture	—	—
remaining 50 % ownership of its joint venture with UPI Word for word“S. Steel acquired the remaining 50 % ownership of its joint venture with UPI and its associated benefit plans.” 10-K for 2022	acquisition	—	—
Nippon Steel North America, Inc. / Merger Sub (merger of the Company into Merger Sub, with the Company surviving as a wholly-owned subsidiary of Purchaser) Word for word“On December 18, 2023, the Company entered into an Agreement and Plan of Merger (the "Merger Agreement") with Nippon Steel North America, Inc., a New York corporation ("Purchaser"), 2023 Merger Subsidiary, Inc., a Delaware corporation and a wholly owned subsidiary of Purchaser ("Merger Sub"), and, solely as provided in Section 9.13 therein, Nippon Steel Corporation, a Japanese corporation ("NSC"), pursuant to which Merger Sub will merge with and into the Company (the "Merger") with the Company surviving the Merger as a wholly-owned subsidiary of Purchaser.” 10-K for 2023	agreed divestiture	On December 18, 2023	—
Big River Steel (remaining equity interest) Word for word“On January 15, 2021, U. S. Steel purchased the remaining equity interest in Big River Steel for approximately $ 625 million in cash net of $ 36 million and $ 62 million in cash and restricted cash received, respectively, and the assumption of liabilities of approximately $ 50 million.” 10-K for 2023	acquisition	On January 15, 2021	approximately $ 625 million in cash net of $ 36 million and $ 62 million in cash and restricted cash received, respectively
USS-UPI, LLC Word for word“In the fourth quarter of 2023 the Company indefinitely idled its subsidiary in Pittsburg, California, USS-UPI, LLC (“UPI”) which primarily produces galvanized sheet and tin mill products.” 10-K for 2023	divestiture	In the fourth quarter of 2023	—

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash received from selling businesses	Goodwill from acquisitions
2019-12-31	$0	—
2020-12-31	$0	—
2021-12-31	$627 million	$916 million
2022-12-31	$0	$0
2023-12-31	$0	$0
2024-12-31	—	$0

Deal filings since 2016

2025-06-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-06-18 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2023-12-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-06-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-11-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-10-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-07-28 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2021-06-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-03-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-02-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-02-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-01-19 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2020-12-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-11-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-10-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-06-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-05-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-05-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-04-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-12-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-12-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-10-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-10-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-10-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-10-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-03-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-03-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-08-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-08-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-08-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-05-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-05-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-02-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from United States Steel’s annual reports (10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2025-01-31. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.