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re: U.S. Steel CEO Says 10,000 Jobs To Be Brought Back… All Because Of Trump
Posted on 12/7/16 at 7:34 pm to LSURussian
Posted on 12/7/16 at 7:34 pm to LSURussian
quote:It probably wasn't the best measure to use, but I was pointing out how the company has declined from not only the largest steel producer but the largest corporation and first billion dollar company to the 24th largest steel producer in 2015 (13th in 2013).
I'm not sure what your point is to mention that but the reason U.S. Steel was removed from the S&P 500 index was because its market cap had dropped to the point where it was considered a mid-cap company. So, it was moved to the S&P Mid-Cap 400 index where it still is.
So I should have used a better representation, but I think the switch from large to mid cap encapsulates this in a simple categorization.
1
Posted on 12/7/16 at 7:39 pm to buckeye_vol
quote:
but I was pointing out how the company has declined from not only the largest steel producer but the largest corporation and first billion dollar company to the 24th largest steel producer in 2015 (13th in 2013).
US Steel never figured out that they were a materials company, not a steel company. They should have used their might to diversify into aluminum and composites when they had the opportunity.
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