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67-1010: James Darrell Scott , known as Darrell Scott (born August 6, 1959), is an American singer-songwriter and multi-instrumentalist. The son of musician Wayne Scott, he moved as a child to East Gary, Indiana (known today as Lake Station , Indiana). He was playing professionally by his teens in Southern California. Later, Darrell moved to Toronto then Boston. He attended Tufts University , where he studied poetry and literature. He has lived in Nashville, Tennessee, since about 1995. He has written several mainstream country hits, and he has also established himself as one of Nashville 's premier session instrumentalists. Scott has collaborated with Steve Earle , Sam Bush , Emmylou Harris , John Cowan , Verlon Thompson , Guy Clark , Tim O'Brien , Kate Rusby , Jimmie Dale Gilmore , Mary Gauthier , Dan Tyminski , and many others. His music has attracted

134-626: A depot , the western terminus of the Michigan Central Railroad (on what would later become its Detroit to Chicago line). This was the first train station in Lake County. The Michigan Central Railroad built a park and railroad shops around its two-story depot. A year later, in April 1852, George Earle mapped out and platted a town of about 6,500 acres (26 km ) on the site, continuing its name of Lake Station. Being

201-689: A 5% base wage increase each year for the four years, a $ 4,000 bonus upon ratification of the deal, $ 0.50/hour increase in hourly contributions to the Steel Workers Pension Trust, $ 0.10/hour increase in 401(k) contributions, and uncapped profit-sharing. During the 1948 Donora smog , an air inversion trapped industrial effluent (air pollution) from the American Steel and Wire plant and U.S. Steel's Donora Zinc Works in Donora, Pennsylvania. In three days, 20 people died... After

268-535: A bedroom community, Lake Station welcomed Abraham Lincoln to its Audubon Hotel, perhaps on more than one occasion, according to oral history. But George Pullman , who tried to negotiate for land in Lake Station for his proposed railcar company, never struck a deal and set up shop on the south side of Chicago instead. Prior to its current location in Crown Point, Indiana , the county seat was located on what

335-512: A contentious relationship with U.S. Steel, but far less so than the relationship that other unions had with employers in other industries in the United States. They launched a number of long strikes against U.S. Steel in 1946 and a 116-day strike in 1959 , but those strikes were over wages and benefits and not the more fundamental issue of union recognition that led to violent strikes elsewhere. The Steelworkers union attempted to mollify

402-863: A crisis with its union, the United Steelworkers of America . The Supreme Court blocked the takeover by ruling that the president did not have the Constitutional authority to seize the mills. President John F. Kennedy was more successful in 1962 when he pressured the steel industry into reversing price increases that Kennedy considered dangerously inflationary. According to the author Dan Carter in The Politics Of Rage: George Wallace, The Origins Of The New Conservatism, And The Transformation Of American Politics, U.S. Steel strongly resisted Kennedy administration efforts to enlist Alabama businesses to support

469-667: A growing fanbase, and he tours regularly with his own band. His album, Crooked Road , was released May 25, 2010. In early 2005, Scott's Theatre of the Unheard won in The 4th Annual Independent Music Awards for Album of the Year. He won the 2007 Song of the Year award from the Americana Music Association for his song "Hank William's Ghost" which appears on his album The Invisible Man released in 2006. In 2010, he

536-418: A major subsidiary. About 22,000 USX employees stopped work on August 1, 1986, after the United Steelworkers of America and the company could not agree on new employee contract terms. This was characterized by the company as a strike and by the union as a lockout . This resulted in most USX facilities becoming idle until February 1, 1987, seriously degrading the steel division's market share. A compromise

603-507: A male householder with no wife present, and 33.0% were non-families. 26.5% of all households were made up of individuals, and 8.3% had someone living alone who was 65 years of age or older. The average household size was 2.72 and the average family size was 3.28. The median age in the city was 35.4 years. 26.4% of residents were under the age of 18; 9% were between the ages of 18 and 24; 27.2% were from 25 to 44; 26.7% were from 45 to 64; and 10.7% were 65 years of age or older. The gender makeup of

670-409: A mayor convicted of a felony forfeits his elected office. The Soderquist's served time in correctional institutions, while Ms. Brakley (Barnitt) served time in house arrest. The Soderquist's and Barnitt are still residents of Lake Station, Indiana. According to the 2010 census, Lake Station has a total area of 8.431 square miles (21.84 km ), of which 8.3 square miles (21.50 km ) (or 98.45%)

737-747: A site on the Delaware River in Fairless Hills, Pennsylvania , where the soil had been contaminated with arsenic , lead , and other heavy metals , as well as naphthalene . Groundwater at the site was found to be polluted with polycyclic aromatic hydrocarbons and trichloroethylene (TCE). In 2005, the EPA, United States Department of Justice , and the State of Ohio reached a settlement requiring U.S. Steel to pay more than $ 100,000 in penalties and $ 294,000 in reparations in answer to allegations that

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804-574: A whole. During the 1970s, the logo's meaning was extended to include the three materials used to produce steel: yellow for coal, orange for ore and blue for steel scrap. In the late 1980s, when the AISI founded the Steel Recycling Institute (SRI), the logo took on a new life reminiscent of its 1950s meaning. The Pittsburgh Steelers professional football team borrowed elements of its logo, a circle containing three hypocycloids , from

871-826: Is CSX Transportation 's Porter Subdivision . The Chicago, Fort Wayne and Eastern Railroad also runs through Lake Station. The Joliet Line of the Michigan Central Railroad once ran through Lake Station; the Fairview Walkway, a rail trail , now occupies the abandoned rail line. Lake Station also plays host to some events such as the Fuzz Follies, which is a car show that takes place in Riverview Park every year since 1984. Since 2004 The Heritage Days Festival has also taken place in Riverview Park. Both events are usually in June. The city's newest event held for

938-606: Is a city in Lake County, Indiana , United States. The population was 13,235 at the 2020 census. Initially, the site of modern Lake Station was the starting point of two indigenous trails leading to Fort Dearborn . Later it became an early stagecoach depot stop, as the Fort Dearborn-Detroit Stagecoach Route passed through the site during the wet season. The location became known as Lake Station as far back as 1851 when it began to serve as

1005-522: Is land and 0.131 square miles (0.34 km ) (or 1.55%) is water. The city lies on the Calumet Shoreline , which is seen today as a sand ridge. As of the census of 2010, there were 12,572 people, 4,577 households, and 3,067 families residing in the city. The population density was 1,514.7 inhabitants per square mile (584.8/km ). There were 5,137 housing units at an average density of 618.9 per square mile (239.0/km ). The racial makeup of

1072-472: Is now the west end of Lake Station in a section called Liverpool , although it was a separate settlement at the time. The name of Lake Station was officially changed to East Gary in 1908 in an attempt to lure executives from the nearby US Steel plant in Gary, Indiana into creating a suburban community. With another name change in 1977, primarily to disassociate itself from the urban decay and crime of Gary,

1139-478: The Great Lakes . Because of heavy debts taken on at the company's formation—Carnegie insisted on being paid in gold bonds for his stake—and fears of antitrust litigation, U.S. Steel moved cautiously. Competitors often innovated faster, especially Bethlehem Steel , run by Charles Schwab, U.S. Steel's former president. U.S. Steel's share of the expanding market slipped to 50 percent by 1911. James A. Farrell

1206-549: The Homestead, Pennsylvania , plant was, for many years, broken after a violent strike in 1892. U.S. Steel defeated another strike in 1901, the year it was founded. U.S. Steel built the city of Gary , Indiana, in 1906, and 100 years later it remained the location of the largest integrated steel mill in the Northern Hemisphere. U.S. Steel reached a détente with unions during World War I , when under pressure from

1273-483: The S&;P 500 since 1957, U.S. Steel was removed from that index on July 2, 2014, due to declining market capitalization. The Board of Directors considers the declaration of dividends four times each year, with checks for dividends declared on common stock mailed for receipt on 10 March, June, September, and December. In 2008, the dividend was $ 0.30 per share, the highest in company history, but on April 27, 2009, it

1340-834: The Steel Workers Organizing Committee , an arm of the Congress of Industrial Organizations (CIO) led by John L. Lewis . Taylor was an outsider, brought in during the Great Depression to rescue U.S. Steel. Watching the upheaval caused by the United Auto Workers ' successful sit-down strike in Flint, Michigan , and convinced that Lewis was someone he could deal with on a businesslike basis, Taylor sought stability through collective bargaining. Still, U.S. Steel worked hand-in-hand with

1407-692: The Unisphere in Flushing Meadows-Corona Park , Queens , New York , for the 1964 World's Fair . It is the largest globe ever made and is one of the world's largest free-standing sculptures. The Chicago Picasso sculpture was fabricated by U.S. Steel in Gary, Indiana, before being disassembled and relocated to Chicago. U.S. Steel donated the steel for the construction of St. Michael's Catholic Church in Chicago since 90 percent of

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1474-481: The United Steelworkers (USW), forced the company to abandon plans to import British Steel Corporation slabs. U.S. Steel finally acquired National Steel's assets in 2003, after National Steel went bankrupt. As part of its diversification plan, U.S. Steel had acquired Marathon Oil on January 7, 1982, as well as Texas Oil and Gas several years later. Recognizing its new scope, it reorganized its holdings as USX Corporation in 1986, with U.S. Steel (renamed USS, Inc. ) as

1541-443: The 1920s, U.S. Steel, like many other large employers, coupled paternalistic employment practices with "employee representation plans" (ERPs), which were company unions sponsored by management. These ERPs eventually became an important factor leading to the organization of the United Steelworkers of America . The company dropped its hard-line, anti-union stance in 1937, when Myron Taylor, then president of U.S. Steel, agreed to recognize

1608-528: The Birmingham (Alabama) Police Department as it vigorously investigated and targeted labor activities during the 1930s and 1940s. The corporation developed and fed information to a "Red Squad" of detectives "who used the city's vagrancy and criminal-anarchy statutes (liberally reinforced by backroom beatings) to strike at radical labor organizers." In the 1950s, those investigations shifted from labor to civil rights activists. The Steelworkers continue to have

1675-486: The ENA in 1984. In 1986, U.S. Steel employees stopped work after a dispute over contract terms, characterized by the company as a strike and by the union as a lockout . In a letter to striking employees in 1986, Johnston warned, "There are not enough seats in the steel lifeboat for everybody." In addition to reducing the role of unions, the steel industry had sought to induce the federal government to take action to counteract

1742-599: The Steelmark logo belonging to the American Iron and Steel Institute (AISI) and created by U.S. Steel. In the 1950s, when helmet logos became popular, the Steelers added players' numbers to either side of their gold helmets. Later that decade, the numbers were removed and in 1962, Cleveland's Republic Steel suggested to the Steelers that they use the Steelmark as a helmet logo. U.S. Steel financed and constructed

1809-739: The West End of Lake Station (approximately one-third of the city). River Forest High School, River Forest Junior High School, John I. Meister Elementary School, and Henry S. Evans Elementary School are all within the city limits of Lake Station (as the result of the city's 1972 annexation of previously unincorporated parts of Hobart Township). US Steel The company produces and sells steel products, including flat-rolled and tubular products for customers in industries across automotive, construction, consumer, electrical, industrial equipment, distribution, and energy. Operations also include iron ore and coke production facilities. In 2008, U.S. Steel

1876-532: The Wilson Administration it relaxed its opposition to unions enough to allow some to operate in certain factories. It returned to its previous policies as soon as the war ended, however, and in a 1919 strike defeated union-organizing efforts by William Z. Foster of the AFL. Heavy pressure from public opinion forced the company to give up its 12-hour day and adopt the standard eight-hour day. During

1943-404: The average family size was 3.24. In the city, the population was spread out, with 27.1% under the age of 18, 10.5% from 18 to 24, 30.7% from 25 to 44, 21.0% from 45 to 64, and 10.6% who were 65 years of age or older. The median age was 33 years. For every 100 females, there were 99.6 males. For every 100 females age 18 and over, there were 98.4 males. The median income for a household in the city

2010-553: The city of River Rouge, Michigan , and the residents of River Rouge and the nearby city of Ecorse filed a class-action lawsuit against the company for "the release and discharge of air particulate matter...and other toxic and hazardous substances" at its River Rouge plant. The company has also been implicated in generating water pollution and toxic waste . In 1993, the Environmental Protection Agency (EPA) issued an order for U.S. Steel to clean up

2077-406: The city reverted to its historical designation of Lake Station. In September 2015, the mayor of Lake Station, Keith Soderquist, and his wife, Deborah Soderquist, were found guilty of conspiracy, wire fraud, and filing false income tax returns. Keith's daughter, Miranda N. Brakley (married name Barnitt), a court clerk, was found guilty of embezzlement and filing bad bankruptcy papers. Under state law,

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2144-576: The city was 50.0% male and 50.0% female. As of the census of 2000, there were 13,948 people, 5,041 households, and 3,528 families residing in the city. The population density was 1,681.0 inhabitants per square mile (649.0/km ). There were 5,328 housing units at an average density of 642.1 per square mile (247.9/km ). The racial makeup of the city was 86.23% White , 0.77% African American , 0.50% Native American , 0.30% Asian , 0.05% Pacific Islander , 9.31% from other races , and 2.85% from two or more races. Hispanic or Latino of any race were 20.61% of

2211-422: The city was 79.7% White , 3.6% African American , 0.5% Native American , 0.3% Asian , 11.7% from other races , and 4.1% from two or more races. Hispanic or Latino of any race were 28.0% of the population. There were 4,577 households, of which 35.6% had children under the age of 18 living with them, 42.4% were married couples living together, 17.1% had a female householder with no husband present, 7.5% had

2278-450: The company against criticisms and legal liability. U.S. Steel ranked 16th among United States corporations in the value of World War II production contracts. Production peaked at more than 35 million tons in 1953. Its employment was greatest in 1943, when it had more than 340,000 employees. The federal government intervened to try to control U.S. Steel. President Harry S. Truman attempted to take over its steel mills in 1952 to resolve

2345-572: The company illegally released pollutants into Ohio waters. U.S. Steel's Gary, Indiana facility has been repeatedly charged with discharging polluted wastewater into Lake Michigan and the Grand Calumet River . In 1998 the company agreed to payment of a $ 30 million settlement to clean up contaminated sediments from a five-mile (8 km) stretch of the river. With the exception of the Fairless Hills and Gary facilities,

2412-514: The company's corporate headquarters have been located there. It is the tallest skyscraper in the downtown Pittsburgh skyline, built out of the company's Corten Steel. New York City's One Liberty Plaza was also built by the corporation as that city's U.S. Steel Tower in 1973. When the Steelmark logo was created, U.S. Steel attached the following meaning to it: "Steel lightens your work, brightens your leisure and widens your world." The logo

2479-515: The debate." In July 2024, Nippon Steel hired Mike Pompeo to lobby for its acquisition of U.S. Steel. By September, the Biden Administration signaled plans to block the deal, citing national security concerns. U.S. Steel is a former Dow Jones Industrial Average component, listed from April 1, 1901, to May 3, 1991. It was removed under its USX Corporation name with Navistar International and Primerica . An original member of

2546-523: The desegregation of the University of Alabama , which Gov. George Wallace had promised to block by standing in the schoolhouse door . Although the firm employed more than 30,000 workers in Birmingham, Ala., company president Roger M. Blough in 1963 "went out of his way to announce that any attempt to use his company position in Birmingham to pressure local whites was 'repugnant to me personally' and 'repugnant to my fellow officers at U.S. Steel. ' " In

2613-497: The dumping of steel by foreign producers at below-market prices. Neither the concessions nor anti-dumping laws have restored the industry to the health and prestige it once had. In December 2022, a new four-year contract was ratified between members of the United Steelworkers union and U.S. Steel. This contract covers 11,000 workers at 13 locations. The new agreements were retroactive to September 1, 2022, and included

2680-582: The early 2010s, U.S. Steel began investing to upgrade software programs throughout their manufacturing facilities. In January 2012, U.S. Steel sold its underperforming Serbian mills near Belgrade to the Serbian government. On July 2, 2014, U.S. Steel was removed from S&P 500 index and placed in the S&P MidCap 400 Index , in light of its declining market capitalization. In October 2019, U.S. Steel invested $ 700 million in Big River Steel,

2747-612: The federal government in subsequent years. Researchers at the Political Economy Research Institute have ranked U.S. Steel as the 58th-greatest corporate producer of air pollution in the United States (down from their 2000 ranking as the second-greatest). In 2008, the company released more than one million kg (2.2 million pounds) of toxins, chiefly ammonia , hydrochloric acid , ethylene , zinc compounds, methanol , and benzene , but including manganese , cyanide , and chromium compounds. In 2004,

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2814-575: The first LEED-certified steel facility, gaining a 49.9% ownership stake. In December 2020, U.S. Steel announced it would acquire the remaining ownership interest in Big River Steel for $ 774 million. The acquisition was completed in January 2021. In February 2022, U.S. Steel began construction on a new mill in Osceola, Arkansas which will be operational by 2024. In April 2022, the electric arc furnace flat-rolled Big River Steel mill in Osceola became

2881-705: The first ResponsibleSteel site certified in North America following an independent audit by SRI Quality System Registrar (SRI). On December 18, 2023, Nippon Steel agreed to buy U.S. Steel for $ 14.1 billion, or $ 55 per share, pending approval. Nippon pledged to keep U.S. Steel’s Pittsburgh headquarters and honor union contracts. However, the deal received widespread criticism, including from prominent steelworkers labor union United Steelworkers (USW). On March 14, 2024, U.S. President Joe Biden declared that U.S. Steel must remain American-owned, stating

2948-735: The first time in September 2009 is Septemberfest, which is held around Labor Day weekend. Lake County Public Library operates the Lake Station - New Chicago Branch, which also serves New Chicago . The mayor of Lake Station since January 1, 2020, is Bill Carroll. Lake Station Community Schools serves most of Lake Station. Some portions are served by River Forest Community School Corporation . The Lake Station Community Schools district consists of two elementary schools, Virgil I. Bailey and Alexander Hamilton, and one combined junior and senior high school Thomas A. Edison Junior-Senior High School . The River Forest Community School Corporation serves

3015-711: The growth of U.S. Steel and its subsidiaries in the South was partly dependent on the labor of cheaply paid black workers and exploited convicts. The company could obtain black labor at a fraction of the cost of white labor by taking advantage of the Black Codes and discriminatory laws passed in the late 19th and early 20th centuries by Southern states after the Reconstruction Era . In addition, U.S. Steel had agreements with more than 20 counties in Alabama to obtain

3082-499: The inversion lifted, another 50 died, including Lukasz Musial, the father of baseball great Stan Musial . Hundreds more lived the rest of their lives with damaged lungs and hearts. But another 40 years would pass before the whole truth about Donora's bad air made public-health history. Today the Donora Smog Museum in that city tells of the influence that the hazardous Donora Smog had on the air quality standards enacted by

3149-427: The labor of its prisoners, often paying locals nine dollars a month for workers who would be forced into their mines through a system of convict leasing . This practice continued until at least the late 1920s. While some individuals were guilty of a crime, they did not receive payment or recognition for their work; many died from abuse, malnutrition, and dire working and living conditions. This practice of convict leasing

3216-480: The lawsuits concern facilities acquired by U.S. Steel via its 2003 purchase of National Steel Corporation , not its historic facilities. In 2021, U.S. Steel announced a goal to target net-zero carbon emissions by 2050. The company previously set a target to reduce greenhouse gas emissions intensity by 20% by 2030. The U.S. Steel Tower in Pittsburgh , Pennsylvania , is named after the company and since 1970,

3283-659: The merger to Morgan, ultimately emerged as the new corporation's first President. In 1907, U.S. Steel bought its largest competitor, the Tennessee Coal, Iron and Railroad Company , which was headquartered in Birmingham , Alabama . Tennessee Coal was replaced in the Dow Jones Industrial Average by General Electric . The federal government attempted to use federal antitrust laws to break up U.S. Steel in 1911 (the same year Standard Oil

3350-562: The merger. The architect of tax concessions to steel firms, Senator Arlen Specter (R-PA), complained that "we go out on a limb in Congress and we feel they should be putting it in steel." The events are the subject of "The U.S. Steal Song" by folk singer Anne Feeney . In 1984, the federal government prevented U.S. Steel from acquiring National Steel , and political pressure from the United States Congress , as well as

3417-408: The population. There were 5,041 households, out of which 33.8% had children under the age of 18 living with them, 48.9% were married couples living together, 14.5% had a female householder with no husband present, and 30.0% were non-families. 23.4% of all households were made up of individuals, and 8.4% had someone living alone who was 65 years of age or older. The average household size was 2.75 and

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3484-755: The postwar years, the steel industry and heavy manufacturing went through a restructuring that caused a decline in U.S. Steel's need for labor, production, and portfolio. Many jobs moved offshore. By 2000, the company employed 52,500 people. In the early days of the Reagan Administration , steel firms won substantial tax breaks in order to compete with imported goods. But instead of modernizing their mills, steel companies shifted capital out of steel and into more profitable areas. In March 1982, U.S. Steel took its concessions and paid $ 1.4 billion in cash and $ 4.7 billion in loans for Marathon Oil , saving approximately $ 500 million in taxes through

3551-415: The problems of competitive foreign imports by entering into a so-called Experimental Negotiation Agreement (ENA) in 1974. This was to provide for arbitration if the parties were not able to reach an agreement on any new collective bargaining agreements , thereby preventing disruptive strikes. The ENA failed to stop the decline of the steel industry in the U.S. U.S. Steel and the other employers terminated

3618-474: The proposed acquisition by Nippon Steel would pose a risk to national security, and also declared that he would use U.S regulatory authorities to scuttle the deal. After this revelation, it was noted the Committee on Foreign Investment in the United States (CFIUS) had the authority to block the acquisition based on national security matters. According to USW President David McCall, Biden's decision "should end

3685-582: The second season. The fourth season's final episode used a version by Dave Alvin . The fifth season's final episode used a version by the Ruby Friedman Orchestra. The final episode of the series featured the original composition by Darrell Scott himself. In January 2011, his album A Crooked Road won the award for the Country Album category from The 10th Annual Independent Music Awards. Lake Station, Indiana Lake Station

3752-555: The union and with management and proceeded to have proxy battles with shareholders and management. But he abandoned all efforts to buy out the company on January 8, 1987, a few weeks before union employees returned to work. By the late 20th century, U.S. Steel earned most of its revenue from energy operations. In 2001, under CEO Thomas Usher , it spun off Marathon and other non-steel assets, except Transtar , and expanded internationally by acquiring plants in Slovakia and Serbia. In

3819-424: Was $ 36,984, and the median income for a family was $ 41,454. Males had a median income of $ 35,761 versus $ 22,659 for females. The per capita income for the city was $ 15,319. About 10.6% of families and 14.6% of the population were below the poverty line , including 21.3% of those under age 18 and 10.0% of those age 65 or over. Major employers include Sun Engineering, and Pro-Chem-Co. Lake Station's busiest rail line

3886-500: Was announced as part of the Band of Joy , alongside Robert Plant , credited as performing vocals, mandolin, guitar, accordion, pedal, lap steel and banjo. In 2010, Brad Paisley 's cover of the song "You'll Never Leave Harlan Alive" was the closing song played on the TV drama Justified during the final scene of the final episode of the first season. It was used again in the final episode of

3953-466: Was broken up), but that effort ultimately failed. In 1902, its first full year of operation, U.S. Steel made 67 percent of all the steel produced in the United States. About 100 years later, as of 2001, it produced only 8 percent more than it did in 1902, and its shipments accounted for only about 8 percent of domestic consumption. According to the author Douglas Blackmon in Slavery by Another Name ,

4020-443: Was brokered and accepted by the union membership on January 31, 1987. On February 4, 1987, three days after the agreement had been reached to end the work stoppage, USX announced that four USX plants would remain closed permanently, eliminating about 3,500 union jobs. Corporate raider Carl Icahn launched a hostile takeover of the steel giant in late 1986 in the midst of the work stoppage. He conducted separate negotiations with

4087-427: Was fairly ubiquitous as eight Southern states had similar practices and many companies, as well as farmers, took advantage of this. The Corporation, as it was known on Wall Street , was distinguished by its size, rather than for its efficiency or creativity during its heyday. In 1901, it controlled two-thirds of steel production and, through its Pittsburgh Steamship Company, developed the largest commercial fleet on

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4154-495: Was named president in 1911 and served until 1932. In March 1908, the company formed the Committee on Safety of United States Steel following chairman Elbert H. Gary's meetings on safety with casualty managers of the operating companies, thereby leading to the introduction of the modern "Safety First" movement. The committee's formation was intended not only to focus on workplace safety to prevent worker accidents, but to safeguard

4221-643: Was opposed by the United Steelworkers , the Trump campaign, and the Biden administration. As of November 2024 , the Biden administration was still set on blocking the proposed acquisition. J. P. Morgan formed U.S. Steel on March 2, 1901 (incorporated on February 25, 1901), by financing the merger of Andrew Carnegie 's Carnegie Steel Company with Elbert H. Gary's Federal Steel Company and William Henry "Judge" Moore 's National Steel Company for $ 492 million ($ 18 billion today). At one time, U.S. Steel

4288-458: Was reduced to $ 0.05 per share. In February 2020, the dividend was reduced to $ 0.01 per share but was then later increased back to $ 0.05 per share in November 2021. U.S. Steel maintained the labor policies of Andrew Carnegie . Carnegie believed that "good wages and good workmen I know to be cheap labor." The Amalgamated Association of Iron and Steel Workers union that represented workers at

4355-614: Was the largest steel producer and largest corporation in the world. It was capitalized at $ 1.4 billion ($ 51.3 billion today), making it the world's first billion-dollar corporation. The company established its headquarters in the Empire Building at 71 Broadway in New York City; it remained a major tenant in the building for 75 years. Charles M. Schwab , the Carnegie Steel executive who originally suggested

4422-651: Was the world's eighth-largest steel producer. By 2022, it ranked 24th globally and second in the U.S., behind Nucor . Though renamed USX Corporation in 1986, the company was renamed United States Steel in 2001 after spinning off its energy business, including Marathon Oil , and other assets, from its core steel concern. Nippon Steel , Japan's largest steel producer, announced plans to acquire U.S. Steel for $ 14.1 billion, pending approval from regulators and shareholders. The deal, announced in mid-December 2023, would retain U.S. Steel's name and headquarters in Pittsburgh. It

4489-403: Was used as part of a major marketing campaign to educate consumers about how important steel is in people's daily lives. The Steelmark logo was used in print, radio and television ads as well as on labels for all steel products, from steel tanks to tricycles to filing cabinets. In the 1960s, U.S. Steel turned over the Steelmark program to the AISI, where it came to represent the steel industry as

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