United States Steel Corporation

Front Cover
Fifty-Ninth Annual Report
United States Steel Corporation
71 Broadway, New York 6, N. Y.
525 William Penn Place, Pittsburgh 30, Pa.
From imaginative research
come an ever widening variety
of new and useful products
and an increasing efficiency
in producing them.
These are essential to
continued growth and progress.
CONTENTS
U. S. Steel's Year - at a glance
Review by the Chairman
page 3 Production and shipments
4 Income, sales, dividends, taxes
4 Property expenditures
5 Working capital and debt
5 Steel prices
page 23
30
31
32
33
34
35
37
38
5 Technology and steel
6 Integrated research
6 Fundamental research
7 Improved raw materials
9 Better methods and processes
10 Diversified products and markets
14 The people of U. S. Steel
14 Employe training and development
14 Employe safety
15 Union employe matters
16 Employes, hours and wages
17 Employe benefit programs
18 Pension trusts
19 United States Steel Foundation, Inc.
19 Capital stock and stockholders
20 Public acceptance
Financial Summary
Economic growth and steel
Summary of Financial Operations
Statement of Income
Statement of Financial Position
Notes to Financial Statements
Auditors' Report
Details of Selected Items
Operating and Financial Story - 1940-1960
United States Steel and Carnegie Pension Fund
Divisions and Principal Subsidiaries
Directors and Officers
In this report, amounts in round numbers are approximate. "U. S. Steel"
refers to parent corporation, subsidiaries, or both. as required by context.