In 2023, the global economy will face a series of difficulties such as high inflation, rising interest rates, slow economic growth, geo- political instability, and armed conflicts. Trade and investment trends have changed a lot to adapt to the new situation, along with that, sustainable growth and the transition to green and clean energy are increasingly clear and irreversible trends.
HubSteel’s Core Strategy
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We have built a stronger and more balanced
U. S. Steel. With our Best for All® strategy,
the future has never been brighter.
A powerful partner, offering customers an unbeatable mix of world-class inte- grated and mini mill facilities and talent. A lean, agile competitor that responds quickly to customer need with innovative solutions. A greener steel provider, with customer and sustainability objectives tightly interwoven. A reinvigorated commercial organization that centers U. S. Steel’s people, products and pro- cesses on supporting customer success.
This is the new U. S. Steel that we’ve built over the past three years. With our Best for All® strategy, we are moving forward with confidence and excite- ment—our best days are ahead.
HubSteel Identifies Steel
Production As Core Business
OUR STRATEGY SUPPORTS CUSTOMERS WITH
EXECUTING OUR BEST FOR ALL® STRATEGY
Launching verdeX® steels
In March 2021, we launched verdeX® sustainable steels, which contain up to 90% recycled steel content and are manufactured with a carbon footprint 75% lower than comparable products made through traditional steelmaking methods.
Net-zero carbon emissions by 2050
In April of 2021, we announced our intention to achieve net-zero carbon emis- sions by 2050, building on our 2030 goal of reducing greenhouse gas emissions intensity by 20% on a 2018 baseline.
Joining ResponsibleSteel™
Also in April, 2021, U. S. Steel became the first North American steel producer to join ResponsibleSteel,™ consistent with our actions and intent to deliver innovative solutions that benefit our customers and our planet.
Investing in new NGO steel capacity
In June of 2021, we announced plans to invest to be a leader in non-grain oriented (NGO) electrical steel, a critical material in the production of electric vehicles (EVs).
Critical Success Factors
Best for All® seeks to accelerate progress across the three Best of Both® strategy critical success factors:
Winning in strategic markets.
Focused on building our capabilities in the markets where U. S. Steel is strongest to help our customers compete and win.
Moving down the cost curve.
Managing our costs to be nimble and efficient, able to respond rapidly to help customers address challenges and opportunities.
Moving up the cost curve.
Investing in top talent, bringing our best and brightest people to every customer need.
Strategic Investments
From Best Of Both
To Best For All®
