U.S. Steel Generated $5.6 Billion In Economic Impact

U.S. Steel Corp. generated $5.6 billion in total economic impact for Pennsylvania during fiscal year 2024, according to a report released Friday. The analysis, conducted by Parker Strategy Group, found the company supported 13,687 jobs across the state. The $5.6 billion impact represents approximately 0.6% of Pennsylvania’s gross domestic product, or about $1 out of every $180 in the state economy. This figure marks a 55.6% increase in total economic impact since fiscal year 2022. The report also shows the company’s economic contribution equals roughly 11.8% of the state’s enacted 2024-25 General Fund appropriations. U.S. Steel contributed $216 million in total local and state tax revenues during the fiscal year. On a per-resident basis, the company’s economic activity amounts to approximately $428 per Pennsylvanian. The company supported 13,687 jobs statewide, a figure comparable to the full civilian labor force of a smaller Pennsylvania county. This total includes 3,462 direct employees. To support its operations, U.S. Steel worked with 980 suppliers based in Pennsylvania.