SCHEDULE 13G/A: BlackRock Amends Stake in U.S. Steel, Disclosing 8.8% Beneficial Ownership
Beneficial Ownership Report
BlackRock, Inc. has filed an amended Schedule 13G, revealing its beneficial ownership of 8.8% of United States Steel Corporation's common stock as of March 31, 2025.
Summary
- BlackRock, Inc. reported beneficial ownership of 20,015,433 shares of United States Steel Corporation's common stock.
- This ownership represents 8.8% of the total outstanding common shares of United States Steel Corporation.
- BlackRock, Inc. holds sole voting power over 19,461,069 shares.
- BlackRock, Inc. holds sole dispositive power over 20,015,433 shares.
- No shared voting or shared dispositive power was reported.
- The filing is an Amendment No. 13 to a previous Schedule 13G.
- BlackRock Fund Advisors, a subsidiary of BlackRock, Inc., beneficially owns 5% or greater of the outstanding shares.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. It provides no positive or negative operational or financial news about the issuer.
Future Outlook
NA
Industry Context
This filing reflects a significant institutional investor's continued stake in a major U.S. steel producer. Such disclosures are routine for large asset managers like BlackRock and provide transparency into major ownership positions within the steel industry, which is sensitive to economic cycles and global trade policies.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder's stake, which can influence market perception and trading activity.
- Regulatory Authorities: Fulfills SEC disclosure requirements for beneficial ownership, ensuring market transparency.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Date of previously revoked Power of Attorney. |
| 2025-01-21 | Effective date of the new Power of Attorney for BlackRock, Inc. |
| 2025-03-31 | Date of event which requires filing of this statement (reporting period end date). |
| 2025-04-24 | Signature date of the Schedule 13G filing. |
Keywords
BlackRock, United States Steel Corporation, USS, Schedule 13G, Beneficial Ownership, SEC Filing, Common Stock, Institutional Investor, Steel Industry
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