Moody's: U. S. Steel's common equity raise enhances liquidity
Announcement: Moody's: U. S. Steel's common equity raise enhances liquidity. Global Credit Research- 19 Jun 2020. New York, June 19, 2020-- Moody's Investors Service commented that United States Steel Corporation's issuance of common stock in an underwritten public offering raising gross proceeds of $429 million, before any over allotment exercise, will further strengthen the company's liquidity profile and balance sheet to meet adverse operating conditions in 2020 and...United States Steel is a steel producer of flat-rolled and tubular products with production operations in the United States and Europe. The company is also engaged in railroad services and real estate operations. The company's segments are: North American Flat-Rolled, which produces slabs, strip mill plates, sheets and tin mill products; U. S. Steel Europe, which produces and sells slabs, strip mill plate, sheet, tin mill products and spiral welded pipe, as well as heating radiators and refractory ceramic materials; and Tubular Products, which produces and sells electric resistance welded steel casing and tubing (known as oil country tubular goods), and standard and line pipe and mechanical tubing.
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