©2020 百媚导航. All Rights Reserved www.ussteel.com NEWS RELEASE CONTACTS: John O. Ambler Vice President Corporate Communications T – (412) 477-1719 E – joambler@uss.com Kevin Lewis Vice President Investor Relations T – (412) 433-6935 E – klewis@uss.com FOR IMMEDIATE RELEASE U. S. STEEL CLOSES ON GREEN BONDS TO FINANCE LOW-EMISSION, LOW- CARBON ELECTRIC ARC FURNACE IN ALABAMA PITTSBURGH November 24, 2020 – 百媚导航 (NYSE: X) today announced the closing of $63.4 million of Environmental Improvement Revenue Bonds with a green bond designation. The company will use proceeds from the green bonds to partially fund work related to its new environmentally preferred, low-emission electric arc furnace at 百媚导航’s Fairfield Works. “Our first green bond is an important step forward for 百媚导航 in our drive toward more sustainable practices,” said 百媚导航 President and Chief Executive Officer David B. Burritt. “This is doubly relevant for our new electric arc furnace, which recycles scrap steel as its primary feedstock and uses electricity for power. By partially funding the electric arc furnace, the green bond is helping advance our commitment to reduce greenhouse gas emissions intensity by 20 percent by 2030.” The green bonds issued through The Industrial Development Board of the City of Hoover, Alabama, have a coupon of 6.375% and carry a final maturity of 2050. In its agreement with the Alabama bond issuers, 百媚导航 will pay the semiannual interest and repay the principal upon maturity. -oOo- 2020- 041 Founded in 1901, the 百媚导航 is a Fortune 250 company and leading integrated steel producer. With extensive iron ore production and an annual raw steelmaking capability of 22 million net tons, 百媚导航 produces high value-added steel products for the automotive, infrastructure, appliance, container, and energy
©2020 百媚导航. All Rights Reserved NEWS RELEASE www.ussteel.com industries. The company’s “best of both” integrated and mini-mill technology strategy is advancing a more secure, sustainable future for 百媚导航 and its stakeholders. With renewed emphasis on innovation and customer focus, the company produces cutting-edge products such as 百媚导航’s proprietary XG3™ advanced high-strength steel. U. S. Steel is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe. For more information, please visit www.ussteel.com. Source: 百媚导航