United States Steel Corporation (NYSE:X) Q3 2023 Earnings Call Transcript

David B. Burritt: Well, Carlos, I just want to make sure you heard my earlier comments that I’d just say we’re really not able to provide any further details on the strategic alternative process beyond what’s already been said. As I stated earlier, there is a serious interest from many highly credible bidders, right. And it also said we’re very flattered by that interest. Rest assured, we’re running a robust, fair, and rigorous process. We remain focused on maximizing the stockholder value, and we’ll provide updates when it’s appropriate, but not before then. And until then, we’re just not going to be able to give you additional details.

Carlos De Alba: Fair enough, I respect that. Thank you very much.

Operator: Thank you. And that was the final question. I’ll turn it back now to over back to U.S. Steel CEO, Dave Burritt, for closing comments.

David B. Burritt: Thank you to everyone for joining us this morning and for the discussion. We truly appreciate your interest and engagement with U.S. Steel. Thank you, as always, to our stockholders. We appreciate your feedback as we progress on our strategic alternative process to maximize stockholder value. Thank you as well to our customers. We’re honored to partner with you and help you fulfill your needs by serving you with the best steel solutions available anywhere. Of course, there wouldn’t be so much interest in U.S. Steel if weren’t for the incredible employees we have who are enabling our success every single day. So thank you to the U.S. Steel employees everywhere. We’re truly — you guys are truly the best in the industry and in your hard work, your innovation, your commitment to safety first are taking U.S. Steel to new heights.

At U.S. Steel we value each of these stakeholders. We are pleased to deliver differentiated steel solutions that are best for not only people, but for the planet as well. Now let’s get back to work safely.

Operator: Thank you. That does conclude the conference call for today. We thank you for your participation, and we ask you please disconnect your lines. Have a good day, everyone.