Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
U.S. Steel 2008 Pocket Facts
1. FACILITIES
1 Corporate Headquarters – Pittsburgh, Pa. – G 13 Star Tubular Services Division – Lone Star, Texas – F, I, K 21 U. S. Steel Canada – Hamilton, Ontario – G, I
Business Service Center – Pittsburgh, Pa. – G Texas Operations Division – Lone Star, Texas – B, I Hamilton Works – Hamilton, Ontario – A, B, D, I
Mon Valley Works Wheeling Machine Products – Hughes Springs, Texas – B, I Lake Erie Works – Nanticoke, Ontario – A, B, D, I
Clairton Plant – Clairton, Pa. – D Baycoat – Hamilton, Ontario – B, J
14 Tubular Processing Services Division – Houston, Texas – B, I
Edgar Thomson Plant – Braddock, Pa. – A D.C. Chrome Limited – Stoney Creek, Ontario – C, J
Tubular Threading and Inspection Services Division – Houston, Texas – B, I
Irvin Plant – West Mifflin, Pa. – B Z-Line Company – Hamilton, Ontario – B, J
Wheeling Machine Products – Houston, Texas – B, I
Research and Technology Center – Munhall, Pa. – H
22 U. S. Steel Košice, s.r.o.
Bellville Operations Division – Bellville, Texas – B, I
Transtar – Pittsburgh, Pa. – F, G, I
– Košice, Slovak Republic – A, B, D, F, G, I
15 Wheeling Machine Products – Pine Bluff, Ark. – B, I
USS Real Estate – Pittsburgh, Pa. – G, I
U. S. Steel Europe Research and Development Center
16 Fintube Technologies, Inc. – Tulsa, Okla. – B, I
2 Mon Valley Works – Košice, Slovak Republic – H, I
Fairless Plant – Fairless Hills, Pa. – B
17 Double G Coatings, LP – Jackson, Miss. – B, J 23 U. S. Steel Serbia, d.o.o. – Smederevo, Republic of Serbia – A, B, F, G, I
3 Fairfield Works – Birmingham, Ala. – A, B Tin Mill Šabac – Šabac, Republic of Serbia – B, I
18 PRO-TEC Coating Company – Leipsic, Ohio – B, J
Fairfield Tubular Operations – Birmingham, Ala. – B USSS – Kuˇ evo, d.o.o. – Kuˇ evo, Republic of Serbia – E, I
c c
19 USS-POSCO Industries – Pittsburg, Calif. – B, J
24 Aletas y Birlos – Monterrey, Mexico – B, I
4 Gary Works
20 Worthington Specialty Processing – Jackson, Mich. – C, J
East Chicago Tin – East Chicago, Ind. – B
25 Acero Prime – Ramos Arizpe, Mexico – C, J, K
Gary Works – Gary, Ind. – A, B, D
26 Acero Prime – San Luis Potosí, Mexico – C, J, K
Midwest Plant – Portage, Ind. – B
Chrome Deposit Corporation – Portage, Ind. – C, G, J
27 Apolo – Rio de Janeiro, Brazil – B, J
10
5 Granite City Works – Granite City, Ill. – A, B, D
Key:
11
6 Automotive Center – Troy, Mich. – H A– Steelmaking F – Transportation
CANADA
Great Lakes Works – Ecorse and River Rouge, Mich. – A, B B– Finishing G – Administrative Offices
C– Processing H – Research and Technology
Double Eagle Steel Coating Company – Dearborn, Mich. – B, J
D– Coke Production I – Subsidiary and /or Division
ProCoil Company – Canton, Mich. – C, I 8
8
E– Raw Material Mining J – Joint Venture
9
7 Lorain Tubular Operations – Lorain, Ohio – B and/or Processing K – Warehousing
21
18
17 6
8 Minnesota Ore Operations UNITED STATES 20 6
19
16
4
18 7 11
4 7
2
2
Keetac – Keewatin, Minn. – E 15
Minntac – Mt. Iron, Minn. – E 5
5
U. S. Steel Canada EUROPE
16
13
Hibbing Taconite Company – Hibbing, Minn. – E, J
15
12
22
3 19
9 U. S. Steel Canada 12 13 3
10
BRAZIL
9
17
14
Tilden Mining Company – Ishpeming, Mich. – E, J
14
11
23
10 U. S. Steel Canada 20
MEXICO
Wabush Mines – Wabush, Labrador – E, J 22 24
25 21
11 U. S. Steel Canada Published by U. S. Steel Public Affairs
27
26
23
April 2008
Wabush Mines – Pointe Noire, Quebec – E, J
12 U. S. Steel Tubular Products, Inc. – Dallas, Texas – G, I
2. FINISHING FACILITIES as of February 2008
VISION STATEMENT INTEGRATED STEELMAKING FACILITIES as of February 2008 AVERAGE PRICE PER TON GARY PRINCIPLES
Bellville Operations Division Mon Valley Works
(Million net tons) Annual Raw Steelmaking Capability # Blast Furnaces 2007 2006 2005
• I believe that when a thing is right, it will ultimately and
North America
CORE VALUES
(Dollars)
Making Steel. World Competitive. Building Value.
– Welded (ERW) pipe with Fairless Plant Flat-rolled $ 642 $ 634 $ 617
Fairfield Tubular Operations
outside diameters 1.9quot; – 4.5quot; – Galvanized sheet products
• The highest rewards come from honest and proper practice.
Fairfield Works 2.4 1 Tubular $1,335 $1,499 $1,326
Star Tubular Services Division
permanently succeed.
Irvin Plant – Sheet products
Gary Works 7.5 4
FINANCIAL STATISTICS
• Safety U. S. Steel Europe (USSE) $ 720 $ 608 $ 610
Granite City Works 2.8 2 – Seamless pipe with outside
• Diversity and Inclusion
Fairfield Works 2007 2006 2005
Great Lakes Works 3.8 3 diameters 4.5quot; – 9.875quot; – Threading, finishing, and Bad results come in the long run from selfish, unfair and
Texas Operations Division
• Focus on Cost, Quality and Customer Hamilton Works 2.3 1 inspection
• I believe in competition…that the race should be won by the
dishonest conduct.
• Results and Accountability Lake Erie Works 2.6 1
Total North America 24.3 14
Steelmaking Operations Segment Income from Operations $1,509 $2,074 $1,675
Fintube Technologies, Inc.
Mon Valley Works 2.9 2
• Environmental Stewardship
Europe
– Sheet products – Welded (ERW) pipe with
BUSINESS FOCUS
(Millions of dollars – before retiree
Tubular Processing Services
outside diameters 1quot; – 16quot; swiftest, and that success should come to him who is most
Division
benefit expenses and other items
• I believe that no industry can permanently succeed that does
– Finned tubes from 1quot; – 6.5quot;, earnest and active and persevering.
not allocated to segments)
U. S. Steel Košice (USSK) 5.0 3
Total Europe 7.4 5
studded tubes, and welded
• Be forward-looking
EMPLOYEES (Approximate by location as of February 2008)
U. S. Steel Serbia (USSS) 2.4 2 Per shipped ton $ 68 $ 96 $ 85
Total U. S. Steel 31.7 19
(ERW) tubing with outside – Upsetting, threading, finishing,
• Grow responsibly
Gary Works Tubular Threading and North America
diameters 1.25” – 3” heat treating, and inspection
• I believe thoroughly in publicity. The surest and wisest of all
Inspection Services Division
not treat its employees equitably and humanely.
STEEL SHIPMENTS BY PRODUCT AND SEGMENT
• Generate a competitive return on capital Transtar 1,570
• Meet financial and stakeholder obligations
Flat-rolled USSE Tubular Total
KEY STRATEGIES
East Chicago Tin – Tin products
U. S. Steel Canada
Fairfield Works U. S. Steel Canada
• If we are to succeed in business, we must do it on principles
Product – 2007
Midwest Plant – Sheet and – Threading and inspection regulation is public opinion.
(Thousands of tons) Steelmaking Operations 1,410 Hamilton Works 2,250
tin products
7,246
Gary Works Lake Erie Works 1,300
Steelmaking Operations
5,640
• Become a world leader in safety and environmental performance Hamilton Works
Granite City Works
Hot-rolled Sheets 4,887 2,346 13
• We must put and keep ourselves on a platform so fair, so high,
East Chicago Tin 340 U. S. Steel Tubular Products
– Sheet products
4,338
– Sheet and bar products that are honest, fair, lawful and just.
• Continue to increase our value-added product mix
U. S. Steel Košice
Cold-rolled Sheets 4,238 1,402 Gary Works 4,720 Fairfield Tubular Operations 540
1,906
Lake Erie Works – Sheet products
Great Lakes Works
• Further expand our global business platform Coated Sheets 3,743 595 Midwest Plant 930 Lorain Tubular Operations 510
– Sheet products
1,513
• Maintain a strong capital structure
U. S. Steel Serbia
Tin Mill Products 1,288 618
1,465
Granite City Works 2,210 Texas Operations Division 1,350 so reasonable, that we will attract the attention and invite and
– Sheet, tin and tubular products
Lorain Tubular Operations Total North America 26,840
Tubular 91 1,422
• Improve our reliability and cost competitiveness
• We do not advocate combinations or agreements in restraint
– Sheet products
Total 14,534 6,139 1,435 22,108
Great Lakes Works 2,190 Other Units 700 secure the approval of all who know what we are doing.
Semi-finished, Bars, and Plates 378 1,087
Wheeling Machine Products
• Attract and retain a diverse workforce with the talent and skills
Product – 2006
Headquarters 1,970
– Sheet and tin products
Europe
– Seamless pipe with outside
6,522
Other Units 200
SAFETY HIGHLIGHTS
needed for our long-term success diameters 1.9quot; – 4.5quot; of trade, nor action of any kind which is opposed to the laws or
6,014
Minnesota Ore Operations
– Pipe couplings
RAW MATERIALS PRODUCTION
and 10.75quot; – 26quot;
Hot-rolled Sheets 4,195 2,327
• We must never forget that our rights and interests are and
4,498
to the public welfare.
Keetac 380 USSK 15,040
Total Europe 20,840
Cold-rolled Sheets 4,479 1,535
2007 2006 2005
1,905
Minntac 1,200 USSS 5,800
Global Total Recordable Injury Rate Coated Sheets 4,083 415
Taconite pellets
1,341
Mon Valley Works
(Million net tons)
62% improvement 2003 – 2007 Tin Mill Products 1,318 587
Total U. S. Steel 47,680
1,352
should be subservient to the public welfare, that the rights and
Clairton Plant 1,330
Tubular 150 1,191
11% improvement 2006 – 2007
Total 14,180 6,261 1,191 21,632
interests of the individual must always give way to those of
Edgar Thomson Plant 650
Keetac 5.7 5.8 5.8
Semi-finished and Plates 105 1,247
Total Taconite Pellets 20.8 22.1 22.3
Global Days Away From Work Injury Rate the public.
Fairless Plant 90
Minntac 15.1 16.3 16.5
Coke Production
86% improvement 2003 – 2007 Irvin Plant 1,000
Note: Data does not include shipments by joint ventures and other equity
42% improvement 2006 – 2007
investees of U. S. Steel.
North America 5.6 5.8 6.1
Total Coke Production 7.3 7.5 7.8
Europe 1.7 1.7 1.7