How to Buy U.S. Steel Stock
The United States Steel Company, commonly referred to as U.S. Steel, is the largest steel producer in the U.S. and one of the world's ten largest steel manufacturing companies. U.S. Steel is the quintessential American industrial icon. It was the first company to be capitalized at more than a billion dollars and once produced more than two-thirds of the country's steel. In recent years, the company has shrunk but is still an industrial powerhouse. The company trades on the New York Stock Exchange under the ticker "X." U.S. Steel yields a consistent dividend but its stock can be volatile based on economic conditions.
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Instructions
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Find a broker. You can use either a local investment broker or an online brokerage firm to purchase stocks. All brokers charge fees. Online brokers are usually less expensive but offer less guidance than a traditional financial advisor. Online brokerages usually allow a higher degree of freedom since you are the one in charge of your investments. Pick the best broker depending on your needs.
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Place your order. If you're using an online broker, enter the stock ticker, X, the amount of stock you wish to purchase, and whether the order will be a market order or a special order limiting the order's price or time of day. Click on the "Confirm" or "Buy Equity" button to place your order. If you are trading stocks through a financial planner, give your broker a call and ask him to buy U.S. Steel.
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Wait for confirmation from your broker. The confirmation should include the time the stock was purchased and for how much. Depending on your broker, the confirmation may come via e-mail, postal mail or a telephone call. Once you receive confirmation, you will be the owner of the stock.
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Tips & Warnings
This article is not an endorsement of U.S. Steel stock.
