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U.S. Steel business headlines & news reports

U.S. Steel at 52-Week Low as Imports, Oil Continues to Haunt - Zacks.com
Wed, 26 Aug 2015 17:10:23 +0100
Zacks.comShares of U.S. Steel (X - Analyst Report) sank to a 52-week low of $14.25 yesterday, before recovering modestly to close the day at $14.33. The steel giant has seen its shares decimate roughly 46% so far this year, largely attributable to weaker-than ...

U.S. Steel Shares Look Like a Steal - Barron's
Sat, 22 Aug 2015 07:11:06 +0100
Changing hands at a recent $16.91, shares of the Pittsburgh-based steel maker (ticker: X) could climb more than 60%, to $28 a share, by the end of 2016, as cheap imports wane, steel prices firm, and CEO Mario Longhi's restructuring begins to pay off.

Steel-industry leader Correnti dies - Northwest Arkansas News
Thu, 20 Aug 2015 08:16:37 +0100
Correnti had almost 40 years of operations, management and board experience in the steel industry, serving at both large and small companies, according to a Bloomberg News report. His career began in 1969 with U.S. Steel, where he served in ...

John Correnti, Ex-Nucor CEO who led Big River Steel, dies - Charlotte ...
Wed, 19 Aug 2015 21:56:54 +0100
New York Times - Charlotte ObserverCorrenti, who served as CEO of Nucor Corp. from 1996 to 1999, helped move the U.S. steel industry away from Pittsburgh. He helped build a mill in Columbus, Mississippi, that's now owned by Steel Dynamics Inc. The facility was an electric arc furnace, ...

US Steel to Close Alabama Blast Furnace, Cut 1100 Jobs - Wall Street ...
Mon, 17 Aug 2015 20:31:19 +0100
A decline in steel consumption in China, which makes and uses around half of the world's steel, has led to an oversupply around the world. At the same time, oil prices have collapsed, hurting demand for steel pipe and tube, a key market for U.S. Steel.

Steelworkers to Rally for Wage, Health-Benefit Pacts
Sun, 16 Aug 2015 05:52:00 +0100
The 30,000 workers whose wages and benefits are being hashed out this summer in Pittsburgh hotel rooms will rally at a dozen or so sites run by U.S. Steel Corp. X 0.84 % and ArcelorMittal MT-0.23 % USA LLC. Both workers and the companies are struggling.

USW plans rallies at steel mills as new contract looms - Chicago ...
Fri, 14 Aug 2015 22:11:22 +0100
According to a statement from the United Steelworkers, most ArcelorMittal locations are planning rallies on Wednesday while U.S. Steel workers are planning a series of events for later in the week. On Aug. 21, Locals 1066 and 1014, in Gary, whose ...

Steel industry decries Chinese currency devaluation
Wed, 12 Aug 2015 17:50:00 +0100
The U.S. steel industry and other manufacturers decried China's move to devalue its currency, which makes Chinese steel and other exports artificially cheaper. 'This action is further illustration of the Chinese government's active role in manipulating the ...

Essar Steel Algoma in a buying mood - SooToday.com
Wed, 05 Aug 2015 19:39:21 +0100
SooToday.com - SooToday.comEssar Steel Algoma says it has no comment on whether it may be interested in buying U.S. Steel Canada's operations in Hamilton. Word that the local steelmaker may be interested in such an acquisition comes from Bob Bratina, former Hamilton mayor, ...

Cliffs' US Iron Ore Segment Reports Lower Realized 2Q15 Revenues ...
Wed, 05 Aug 2015 14:11:03 +0100
Cliffs Natural Resources' (CLF) US Iron Ore, or USIO, segment mainly sells iron ore to integrated steel companies in the US and Canada, such as U.S. Steel (X), AK Steel (AKS), and ArcelorMittal (MT). The segment is less sensitive to seaborne prices ...

U.S. Steel posts big loss, but says worst may be over - Duluth News ...
Thu, 30 Jul 2015 04:04:11 +0100
Boone cautioned, however, that the Minntac restart has more to do with the supply chain needs of its customers and getting orders filled before winter than it does with any turnaround in the steel industry. 'The restart is not related to a shift in ...

S. Korean steel firms face anti-dumping suit in U.S.
Wed, 29 Jul 2015 07:42:03 +0100
South Korean steelmakers have been sued by their rivals in the United States on anti-dumping charges, a trade association here said Wednesday. AK Steel and four other major U.S. steelmakers filed anti-dumping and countervailing duty petitions against South Korea and seven other countries, according to the Korea International Trade Association.

USW: Concessions at heart of U.S. Steel contract offer - Chicago ...
Mon, 27 Jul 2015 22:51:44 +0100
A spokeswoman for U.S. Steel said Monday the company doesn't generally comment on ongoing negotiations. U.S. Steel and ArcelorMittal, both with mills in Northwest Indiana that employ thousands of area residents, are negotiating separate contracts with ...

U.S. Steel launches new product for energy industry - Pittsburgh ...
Mon, 27 Jul 2015 15:38:51 +0100
The patent-pending USS-Liberty TC uses state of the art threads and seals to connect individual joints of steel pipe to form a continuous casing string, according to U.S. Steel (NYSE: X). The unique metal-to-metal seal and shoulder configuration ...

What to Look For in AKS and US Steel Earnings - AK Steel Holding ...
Sat, 25 Jul 2015 12:45:02 +0100
24/7 Wall St. - 24/7 Wall St.Before markets open on Monday morning, AKS Steel Holding Corp. (NYSE: AKS) is scheduled to report earnings and United States Steel Corp. (NYSE: X) is set to report after markets close the same day. To say these steelmakers have had a tough year is an ...and more'

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