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U.S. Steel business headlines & news reports



Fitch Affirms U.S. Steel's IDR at 'BB-'; No Impact from U.S. Steel ...
Fri, 19 Sep 2014 02:42:28 +0100
A full list of rating actions follows at the end of this release. On Sept. 16, 2014, U.S. Steel Canada Inc., an indirect wholly owned subsidiary of U.S. Steel, applied for relief from its creditors under Canada's Companies' Creditors Arrangement Act.
http://www.topix.com/business/steel/2014/09/fitch-affirms-u-s-steels-idr-at-bb-no-impact-from-u-s-steel-canada-filing


Fitch Affirms U.S. Steel's IDR at 'BB-'; No Impact from ...
Thu, 18 Sep 2014 22:59:00 +0100
Fitch Ratings has affirmed United States Steel Corporation's Issuer Default Rating and debt ratings at 'BB-'. A full list of rating actions follows at th
http://uk.finance.yahoo.com/news/fitch-affirms-u-steels-idr-215900766.html


5 Things US Steel's Management Wants You to Know - Motley Fool
Thu, 18 Sep 2014 16:05:38 +0100
Still, steel is a commodity, and that will always be a problem U.S. Steel has to deal with. And right now that's a big issue since the world is facing steel overcapacity issues. The best example of that is in oil country tubular goods (OCTG), the ...
http://www.fool.com/investing/general/2014/09/18/5-things-us-steels-management-wants-you-to-know.aspx


Nucor forecasts quarterly profit above Wall St estimates - Reuters
Wed, 17 Sep 2014 19:04:07 +0100
Economic Times - U.S. Steel stock gained 8.9 percent, while Commercial Metals Co rose 4.2 percent. Steel Dynamics Inc was up 4.5 percent, and AK Steel Holding Corp rose 3.1 percent. (Reporting by Shubhankar Chakravorty in Bangalore and James B. Kelleher in Chicago; ...
http://www.reuters.com/article/2014/09/17/nucor-outlook-idUSL3N0RI48I20140917


U.S. Steel's Canadian unit to file for ...
Wed, 17 Sep 2014 01:50:21 +0100
Reuters - United States Steel Corp said its Canadian arm would apply for relief from creditors under Canada's Companies' Creditors Arrangement Act and said it would drop plans to expand two of its facilities. The company said its Canadian operations, which have lost about $2.4 billion over the past five years, will also be dropped from its financial statements. Steel said it would provide its Canadian arm with $185 million Canadian dollars ($168.6 million) of secured debtor-in-possession financing (DIP Financing) to support operations through the end of 2015. Steel Canada, formerly known as Stelco, accounts for about $1 billion of U.S.
http://us.rd.yahoo.com/finance/news/rss/story/*http://finance.yahoo.com/news/u-steels-canadian-unit-file-005021452.html


U.S. Steel cancels expansion projects
Wed, 17 Sep 2014 00:53:30 +0100
United States Steel Corp. announced Tuesday it plans to forgo two expansion projects, saving the steel manufacturer more than $800 million. In addition, the board of directors of U.S. Steel's Canada subsidiary has voted to apply for financial relief from creditors.
http://www.topix.com/business/steel/2014/09/u-s-steel-cancels-expansion-projects


U.S. Steel Canada files for creditor protection
Tue, 16 Sep 2014 23:18:46 +0100
Company purchased by United States Steel in 2007
http://www.theglobeandmail.com/report-on-business/us-steel-canada-files-for-creditor-protection/article20630355/?cmpid=rss1


Why I Am Still Skeptical About The U.S. Steel Industry (X) - Seeking ...
Tue, 16 Sep 2014 16:24:36 +0100
The U.S. steel industry took a sigh of relief last month when the International Trade Commission (NYSE:ITC) ratified that duties will be imposed on steel pipe and tube imported from six countries, which include South Korea, India, Taiwan, Turkey ...
http://seekingalpha.com/article/2498725-why-i-am-still-skeptical-about-the-u-s-steel-industry?source%3Dfeed_all_articles


U.S. Steel Gets Federal Nod for Minntac Mine Expansion - Zacks.com
Mon, 15 Sep 2014 18:06:15 +0100
KARE - United States Steel Corp. (X - Analyst Report) received the final federal permits for expanding its Minntac facility in Mountain Iron, MN, from the U.S. Army Corps of Engineers. Minntac mine is the largest taconite mining operation on the Mesabi Iron ...
http://www.zacks.com/stock/news/147272/us-steel-gets-federal-nod-for-minntac-mine-expansion


USS lifts OCTG prices on heels of trade verdict - American Metal ...
Wed, 10 Sep 2014 22:21:44 +0100
NEW YORK U.S. Steel Corp. has raised oil country tubular goods (OCTG) prices in a widely expected move following a favorable trade verdict for domestic producers in August (amm.com, Aug. 22). The Pittsburgh-based steelmaker is lifting tags for ...
http://www.amm.com/Article/3379086/Steel/USS-lifts-OCTG-prices-on-heels-of-trade-verdict.html


U.S. dumping decision bad news for U.S. Steel, analyst says - Seeking ...
Wed, 10 Sep 2014 19:48:11 +0100
A group of five U.S.-based steel producers, including Nucor (NUE -0.9%) and Commercial Metals (CMC -2%), sued last year, accusing Turkey and Mexico of essentially undercutting U.S. prices to grab sales and market share; the U.S. confirmed duties on ...
http://seekingalpha.com/news/1976415-u-s-dumping-decision-bad-news-for-u-s-steel-analyst-says


Why mining became the Achilles heel for ArcelorMittal
Wed, 03 Sep 2014 10:01:00 +0100
It seems logical for the company to produce its own iron ore. Eventually, raw material security is a key driver for steel companies like ArcelorMittal (MT), U.S. Steel (X), Steel Dynamics (STLD), and Nucor (NUE). While this reasoning is correct ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=88ccaa5628c04ef2a5ea3525b924eabd&url=http%3a%2f%2ffinance.yahoo.com%2fnews%2fwhy-mining-became-achilles-heel-155328531.html&c=Ceo2jHQa7_d6P3nLIs9acBGNBh0g3DJvpyblrVA7dvM&mkt=en-gb


This Steelmaker Is Poised to Deliver Gains to Investors - GuruFocus.com
Thu, 28 Aug 2014 19:39:33 +0100
United States Steel (X) has done well this year. The steelmaker's shares have picked up and outpaced peers like ArcelorMittal (MT), which is down in 2014. U.S. Steel is profiting from an increase in steel requests, as a result of which it conveyed a ...
http://www.gurufocus.com/news/275942/this-steelmaker-is-poised-to-deliver-gains-to-investors


US Steel Industry Prevails in Key Trade Case Against Imports
Mon, 25 Aug 2014 14:43:08 +0100
The USITC ruling marks a big win for U.S. steelmakers struggling to defend their turf from a flood of cheap steel imports.
http://finance.yahoo.com/news/us-steel-industry-prevails-key-134308424.html


3 Reasons U.S. Steel's Stock Could Rise
Sun, 24 Aug 2014 14:09:47 +0100
U.S. Steel has a long history, with internal projects like the 'Carnegie Way' keeping the images of its storied past alive. However, the steel industry is cyclical, and the company has good years and bad ones. Last
http://www.nasdaq.com/article/3-reasons-us-steels-stock-could-rise-cm383357



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