Obligation United States Steels 7% ( US912656AG05 ) en USD

United States Steels

100 % ⇌

Etas-Unis

US912656AG05 ( en USD )

7% par an ( paiement semestriel )

01/02/2018 - Obligation échue

Prospectus brochure de l'obligation United States Steel US912656AG05 en USD 7%, échue

1 000 USD

500 000 000 USD

912656AG0

B ( Très spéculatif )

Caa1 ( Risque élevé )

United States Steel Corporation est une entreprise sidérurgique intégrée américaine produisant et vendant une large gamme de produits en acier, notamment des tôles, des barres, des tubes et des poutrelles, pour divers secteurs d'activité.

L'Obligation émise par United States Steels ( Etas-Unis ) , en USD, avec le code ISIN US912656AG05, paye un coupon de 7% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 01/02/2018

L'Obligation émise par United States Steels ( Etas-Unis ) , en USD, avec le code ISIN US912656AG05, a été notée Caa1 ( Risque élevé ) par l'agence de notation Moody's.

L'Obligation émise par United States Steels ( Etas-Unis ) , en USD, avec le code ISIN US912656AG05, a été notée B ( Très spéculatif ) par l'agence de notation Standard & Poor's ( S&P ).

Prospectus Supplement
424B2 1 d424b2.htm PROSPECTUS SUPPLEMENT
Table of Contents
Filed Pursuant to Rule 424(b)(2)
Registration Statement No. 333-141080

Maximum
Title of Each Class of
Aggregate
Amount of
Securities Offered

Offering Price
Registration Fee(1)
Senior Notes

$500,000,000
$15,350
(1) The filing fee of $15,350 is calculated in accordance with Rule 457(r) of the Securities Act of 1933,
as amended.
Prospectus supplement
(To prospectus dated March 5, 2007)

$500,000,000
7.00% Senior Notes due 2018
Interest payable February 1 and August 1
Issue Price: 99.087%
We are offering $500,000,000 of 7.00% Senior Notes due February 1, 2018 (the "Notes").
The Notes will bear interest at a rate of 7.00% per year. We will pay interest on the Notes on February 1
and August 1 of each year, beginning on August 1, 2008.
We may redeem some or all of the Notes at the redemption price described in this prospectus
supplement in "Description of the notes--Optional redemption." Upon the occurrence of a Change of
Control Repurchase Event, we will generally be required to make an offer to repurchase each series of
Notes at a price equal to 101% of their aggregate principal amount plus accrued and unpaid interest to,
but not including, the date of repurchase.
The Notes will be our senior and unsecured obligations and will rank equally with all of our other
existing and future senior and unsecured indebtedness.
Investing in the Notes involves risks. See " Risk factors" beginning on page S-6 of this
prospectus supplement.
Neither the Securities and Exchange Commission nor any state securities commission has approved or
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Prospectus Supplement
disapproved of the securities or passed upon the accuracy or adequacy of this prospectus supplement
or the accompanying prospectus. Any representation to the contrary is a criminal offense.

Price to
Underwriting
Proceeds to Us,

Public
Discount Before Expenses
Per Note

99.087%

0.650%

98.437%
Total

$495,435,000
$ 3,250,000
$
492,185,000
The Notes will not be listed on any securities exchange. Currently there is no public market for the
Notes.
We expect to deliver the Notes to investors in registered book-entry form only through the facilities of
The Depository Trust Company on or about December 10, 2007.
Joint Book-Running Managers
Banc of America Securities LLC
JPMorgan
Scotia Capital

Joint Lead Managers
Lehman Brothers

Morgan Stanley
Senior Co-Managers
Barclays Capital
Credit Suisse
Goldman, Sachs & Co.
Mellon Financial Markets, LLC
National City Capital Markets
PNC Capital Markets LLC

RBS Greenwich Capital

December 5, 2007
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Table of Contents
In making your investment decision, you should rely only on the information contained or
incorporated by reference in this prospectus supplement and the accompanying prospectus. We
have not, and the underwriters have not, authorized anyone to provide you with additional or
different information. If anyone provides you with different or inconsistent information, you
should not rely on it. We are not making an offer of these securities in any jurisdiction where the
offer is not permitted. You should not assume that the information contained in or incorporated
by reference in this prospectus supplement or the accompanying prospectus is accurate as of
any time subsequent to the date of such information.
Table of contents

Prospectus supplement

Page
About this prospectus supplement

S-2
Summary

S-3
Risk factors

S-6
Use of proceeds

S-9
Capitalization

S-10
Stelco acquisition

S-11
Description of the notes

S-13
Certain United States federal income tax considerations

S-27
Underwriting

S-30
Legal matters

S-32

Prospectus

Page
About this prospectus

1
Where you can find more information

1
Incorporation of certain information by reference

1
Forward-looking statements

2
The company

3
Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and
preferred stock dividends

3
Use of proceeds

3
Description of the debt securities

4
Description of capital stock

11
Description of depositary shares

16
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Description of warrants

19
Description of convertible or exchangeable securities

20
Description of stock purchase contracts and stock purchase units

20
Plan of distribution

20
Legal matters

22
Experts

22

S-1
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Prospectus Supplement
Table of Contents
About this prospectus supplement
This document consists of two parts. The first part is the prospectus supplement, which describes the
specific terms of this offering and certain other matters relating to United States Steel Corporation. The
second part, the accompanying prospectus, gives more general information about securities we may
offer from time to time, some of which do not apply to this offering. Generally, when we refer to the
prospectus, we are referring to both parts of this document combined. If the description in the
prospectus supplement differs from the description in the accompanying prospectus, the description in
the prospectus supplement supersedes the description in the accompanying prospectus.

S-2
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Table of Contents
Summary
The following information supplements, and should be read together with, the information contained or
incorporated by reference in other parts of this prospectus supplement and the accompanying
prospectus. This summary highlights selected information from the prospectus supplement and the
accompanying prospectus. As a result, it does not contain all of the information you should consider
before investing in the Notes. You should carefully read this prospectus supplement and the
accompanying prospectus, including the documents incorporated by reference in it, which are
described following the caption "Where You Can Find More Information" in the accompanying
prospectus.
Unless the context otherwise requires, references in this prospectus supplement to the "Company," "U.
S. Steel," "we," "us" and "our" are to United States Steel Corporation and its subsidiaries. References to
$ or US$ are to U. S. dollars and references to C$ are to Canadian dollars.
See "Risk factors" in this prospectus supplement and in our annual report on Form 10-K for the year
ended December 31, 2006, as updated by our quarterly reports on Form 10-Q, for factors that you
should consider before investing in the Notes and "Forward-Looking Statements" in the accompanying
prospectus for information relating to statements contained in this prospectus supplement that are not
historical facts.
The company
U. S. Steel is an integrated steel producer with major production operations in North America and
Central Europe. We have annual raw steel production capability of 24.6 million net tons in North
America and 7.4 million net tons in Central Europe. U. S. Steel is also engaged in several other
business activities, most of which are related to steel manufacturing. These activities include the
production of coke in both North America and Central Europe and the production of iron ore pellets
from taconite, transportation services (railroad and barge operations) and real estate operations in
North America.
Recent developments
Lone Star acquisition
On June 14, 2007, U. S. Steel acquired Lone Star Technologies, Inc. ("Lone Star"), a manufacturer of
welded oil country tubular goods, standard and line pipe and tubular couplings, and a provider of
finishing services, for a net purchase price of $2.0 billion. The acquisition has strengthened U. S.
Steel's position as a premier producer of tubular products for the energy sector.
Stelco acquisition
On October 31, 2007, U. S. Steel acquired Stelco Inc. ("Stelco"), a Canadian producer of a variety of
steel products in the automotive, steel service center, and pipe and tubular industries, for
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approximately $1.2 billion for the stock purchase and approximately $785 million for the retirement of
debt (the "acquisition"). On the closing date of the acquisition, Stelco was renamed U. S. Steel Canada
Inc. ("U. S. Steel Canada"). See "Stelco acquisition."

S-3
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The offering
The following summary contains basic information about this offering. The summary is not intended to
be complete. You should read the full text and more specific details contained elsewhere in this
prospectus supplement. For a more detailed description of the Notes, see "Description of the notes."
Issuer
United States Steel Corporation
Notes offered
$500,000,000 aggregate principal amount of Notes
Maturity
February 1, 2018
Interest rate
The Notes will bear interest at the rate of 7.00% per year. Interest on the
Notes will be paid on February 1 and August 1 of each year. The first
interest payment will be August 1, 2008.
Optional redemption
We may redeem the Notes, at any time in whole, or from time to time in
part, at the "make whole" redemption price. See "Description of the notes--
Optional redemption."
Mandatory offer to
Upon a Change of Control Repurchase Event, we will be required to make
repurchase
an offer to repurchase all outstanding Notes of such series at a price in
cash equal to 101% of the principal amount of the Notes, plus any accrued
and unpaid interest to but not including the repurchase date. See
"Description of the notes--Purchase of notes upon a change of control
repurchase event."
Ranking
The Notes will be our senior and unsecured obligations and will rank
equally with all of our other existing and future senior and unsecured
indebtedness. The Notes will effectively rank junior to any of our existing
and future secured indebtedness to the extent of the assets securing such
indebtedness, and will be structurally subordinated to any indebtedness
and other liabilities of our subsidiaries.
As of September 30, 2007, we had an aggregate of approximately $2,174
million of senior indebtedness outstanding (including approximately $1,120
million of senior notes, $458 million of obligations relating to environmental
revenue bonds, a $500 million term loan and $96 million of obligations
under capital leases and other debt, excluding intercompany liabilities). We
incurred $900 million of additional senior indebtedness in connection with
the Stelco acquisition.
After giving effect to the closing of the Stelco acquisition and this offering
and the use of net proceeds therefrom, we would have an aggregate of
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approximately $3,325 million of senior indebtedness, excluding
intercompany liabilities.
U. S. Steel has a $500 million Receivables Purchase Agreement with
financial institutions that expires in September 2010. As of September 30,
2007, U. S. Steel had more than $500 million of eligible receivables, none
of which were sold. In connection with the Stelco acquisition, we sold $400
million under our receivables facility.

S-4
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In May 2007, U. S. Steel entered into a $750 million unsecured five-year
revolving credit facility with a group of lenders. As of September 30, 2007,
we had no borrowings against this facility.
At September 30, 2007, U. S. Steel Kosice, s.r.o. ("USSK") had no
borrowings against its 40 million and 20 million credit facilities (which
approximated $85 million, in aggregate, at September 30, 2007), but had,
in aggregate, approximately $5 million of customs and other guarantees
outstanding, reducing the aggregate availability to approximately $80
million.
At September 30, 2007, U. S. Steel Balkan, d.o.o. ("USSB") had no
borrowings against its 25 million facility (which approximated $35 million
at September 30, 2007), which is secured by its inventory of finished and
semi-finished goods.
U. S. Steel Canada remains liable for its previously outstanding C$150
million loan owed by Stelco to the Province of Ontario (the "Province
Note"). The Province Note is unsecured and is repayable on December 31,
2015. See "Stelco acquisition."
Covenants
We will issue the Notes under a senior indenture, as amended, with The
Bank of New York, as trustee. The senior indenture, among other things,
restricts our ability and the ability of certain of our subsidiaries to:
· create liens on any Principal Property or shares of stock or other equity
interests of a Subsidiary that owns any Principal Property to secure
indebtedness;
· engage in sale leaseback transactions with respect to any Principal
Property; and
· consolidate, merge or transfer all or substantially all of U. S. Steel's
assets.
These covenants are subject to important exceptions and qualifications
which are described in "Description of the notes--Covenants."
Additional notes
The senior indenture governing the Notes provides for unlimited issuances
of additional Notes. See "Description of the notes--Additional issuances."

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Document Outline

sec.gov
- #1">Prospectus Supplement