U.S. Steel Drives $5.6B Economic Impact in Pennsylvania

SEATTLE (Scrap Monster): United States Steel Corporation has released a new economic impact report highlighting its expanding role in strengthening Pennsylvania’s economy, workforce, and communities. The independent analysis, conducted by Parker Strategy Group, found that in Fiscal Year 2024 the company generated $5.6 billion in total economic impact, supported 13,687 jobs statewide, and contributed $216 million in combined local and state tax revenues.

The report reflects U. S. Steel’s current Pennsylvania operations and does not include future capital investments associated with its partnership with Nippon Steel. That partnership is expected to modernize facilities, strengthen the state’s manufacturing base, and support additional construction and supplier jobs.

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Measured against the broader economy, U. S. Steel’s $5.6 billion impact represents approximately 0.6% of Pennsylvania’s GDP—equal to about $15.3 million in daily economic activity. The company also contributed $2.1 billion in value added and worked with 980 Pennsylvania-based suppliers, reinforcing in-state business networks.

Headquartered in Pittsburgh, U. S. Steel invested $4 million in community initiatives, education programs, and local partnerships. President and CEO David B. Burritt said the company remains committed to innovation, sustainable steelmaking, and long-term competitiveness across the Commonwealth.