$1.8 Billion Annual Impact Supports More Than 8,400 Jobs Across the State
GARY, Ind.–(BUSINESS WIRE)–United States Steel Corporation (“U. S. Steel”) today released the findings of its first-ever economic impact report for Indiana, demonstrating the company’s substantial role in advancing the state’s economy, workforce, and communities. The analysis, conducted by Parker Strategy Group, shows that in Fiscal Year 2024 (“FY2024”), U. S. Steel generated $1.8 billion in total economic impact, supported 8,402 jobs statewide, and contributed $67.4 million in state and local tax revenue.
Since its establishment in 1908, the company’s flagship Gary Works facility has been a cornerstone of American industrial progress. Today, it continues to serve as one of the largest integrated steel mills in North America, powering economic growth while supporting thousands of good-paying jobs.
“Indiana has been at the heart of U. S. Steel’s story for more than a century. Gary Works has been a cornerstone of American steelmaking since 1908, and today it continues to power the state’s economy while supporting thousands of good-paying jobs,” said David B. Burritt, Chief Executive Officer of U. S. Steel. “This report reflects not only our $1.8 billion impact on Indiana, but also our commitment to building a sustainable future for steel, for our communities, and for generations of Hoosiers.”
Indiana Impact by the Numbers (FY2024)
- $1.8 billion total economic impact
- $1.2 billion value added to Indiana’s economy
- 8,402 total jobs supported and sustained statewide, including 4,341 direct employees
- $245.6 million in total tax revenues generated across all levels of government, including $67.4 million for state and local governments
- 401 Indiana-based suppliers engaged, strengthening local supply chains and businesses
- $2.7 million in community impact, including corporate giving, employee donations, and more than 61,000 volunteer hours
“The Nippon Steel investment in U. S. Steel is a historic opportunity to enable advanced steelmaking at Gary Works, creating new livelihoods for the next generation of workers, who along with all Hoosiers will benefit from the company’s strategy of uniting economic growth, community investment, workforce opportunity and sustainability,” said Indiana State Senator Hal Slager.
Beyond its economic contributions, U. S. Steel continues to invest in communities across Indiana. In 2024, the company supported local programs such as Save the Dunes and sponsored regional events including the Gary Airshow and the Portage Festival of Lights—initiatives that promote pride, sustainability, and cultural vitality.
“When I think of U. S. Steel and Methodist Hospitals, both organizations are pillars of the Northwest Indiana community and we each take that responsibility to heart,” said Matt Doyle, President and CEO of Methodist Hospitals. “What I love about the relationship between our two organizations is that neither one of us needs to be in the spotlight or the forefront of the effort—it’s about the impact.”
In 2025, U. S. Steel entered a historic partnership with Nippon Steel Corporation (“Nippon Steel”). Together, Nippon Steel and U. S. Steel will be a world-leading steelmaker, with best-in-class technologies and manufacturing capabilities. This partnership will strengthen U. S. Steel and American manufacturing and bring a massive investment that will support our communities and families for generations to come.
“The partnership with Nippon Steel will modernize an American icon. Combining U. S. Steel’s expertise, workforce and legendary footprint with Nippon Steel’s world class technology will accelerate transformation in Indiana and across the organization – leading to another century of impact on the local economy,” said Dan Killeen, Vice President, U. S. Steel Gary Works.
The study highlighted a point-in-time impact (FY2024) of U. S. Steel’s presence in Indiana.
“This first Indiana analysis shows just how deeply U. S. Steel shapes the state’s economy and communities—supporting more than 8,400 jobs, investing in 401 Indiana-based suppliers, and generating millions in tax revenue that funds schools, infrastructure, and essential services,” said Nichole Parker, Managing Principal of Parker Strategy Group.
About U. S. Steel
Founded in 1901, U. S. Steel delivers profitable and sustainable steel solutions. Propelled by its talented employees and an unwavering focus on safety, U. S. Steel serves the automotive, construction, appliance, energy, containers, and packaging industries with high value-added steel products. Steel production begins with our competitively advantaged iron ore production capabilities which fuel our integrated steelmaking facilities and investments in electric arc furnaces. To help our customers create the best products with the fewest emissions, we are committed to reaching net-zero greenhouse gas emissions by 2050. U. S. Steel is at the forefront of creating steels that are stronger, lighter, and better for the environment. This includes our proprietary XG3® advanced high-strength steel, verdeX® steel produced with 70-80% lower CO2 emissions with a recycled content of up to 90%, and ultra-thin lightweight InduX™ steel for electric vehicles, generators, and transformers. U. S. Steel maintains operations across the United States and in Central Europe and is headquartered in Pittsburgh, Pennsylvania. For more information, please visit www.ussteel.com and follow U. S. Steel on LinkedIn, Instagram, Facebook, and X.
Contacts
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