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U.S. Steel business headlines & news reports


US Steel to idle part of Minntac; 680 layoffs expected
Tue, 31 Mar 2015 23:55:26 +0100
U.S. Steel Corp. said Tuesday it plans to idle part of its Minntac plant at Minnesotas biggest iron mine, resulting in about 680 layoffs. Its the latest symptom of a downturn in the American steel industry ...
http://news.yahoo.com/us-steel-idle-part-minntac-141733056.html


U.S. Steel Laying Off 700 Minnesota Workers
Tue, 31 Mar 2015 19:35:01 +0100
US Steel Corp. (X) Tuesday said it will 'adjust operations' and temporarily idle a part of its Minntac plant in Mt. Iron, Minnesota, effective June 1. According to reports, the move would see about 700 employees laid off.
http://www.rttnews.com/story.aspx?Id=2477290


Why U.S. Steel Will Benefit From Electric Arc Furnaces
Tue, 31 Mar 2015 19:06:18 +0100
There are two basic types of steel production processes: blast furnace (or BF) and electric arc furnace (or EAF).
http://finance.yahoo.com/news/why-u-steel-benefit-electric-180618237.html


U.S. Steel Idles Iron Ore Plant: What's the Impact on Cliffs - Market ...
Tue, 31 Mar 2015 17:12:37 +0100
On March 12, 2015, U.S. Steel (X) announced it will temporarily idle its Keetac pellet plant. The plant is an iron ore mining and processing facility in northern Minnesota. The shutdown is effective May 13, 2015. Idling the plant is the result of ...
http://marketrealist.com/2015/03/u-s-steel-idles-iron-ore-plant-whats-impact-cliffs/?source%3Dgoogle


U.S. Steel Idling Minntac in Mt. Iron - FOX 21 Online
Tue, 31 Mar 2015 15:30:00 +0100
FOX 21 Online - FOX 21 OnlineUnited States Steel Corporation, headquartered in Pittsburgh, Pa., is a leading integrated steel producer and Fortune 200 company with major production operations in the United States and Central Europe and an annual raw steel making capability of 24.4 ...
http://www.fox21online.com/news/local-news/U-S-Steel-Idling-Minntac-in-Mt-Iron/32106786


U.S. Steel announces cuts more from Minnesota ore
Tue, 31 Mar 2015 15:16:04 +0100
United States Steel Corp. will temporarily idle additional capacity at its Minnesota Ore Operations, the company announced Tuesday.
http://www.topix.com/business/steel/2015/03/150331IO5SKH


Trade of the Day: U.S. Steel (X) - Investorplace.com
Tue, 31 Mar 2015 14:01:57 +0100
Investorplace.comBut there is one particular stock that I'm recommending for a bearish trade: United States Steel Corporation (X). Shares did make a strong move above their 50-day moving average in mid-March — but this level held briefly in February for a few days ...
http://investorplace.com/2015/03/trade-of-the-day-u-s-steel-x/


Why Falling Oil Rigs Affect U.S. Steel Corporation
Mon, 30 Mar 2015 18:05:44 +0100
The energy sector is an important customer segment for U.S. Steel (X). Almost one-sixth of U.S. Steels revenues come from the energy sector.
http://finance.yahoo.com/news/why-falling-oil-rigs-affect-170544999.html


Trade of the Day: U.S. Steel (X) - Investorplace.com
Mon, 30 Mar 2015 14:31:45 +0100
Investorplace.comBut there is one particular stock that I'm recommending for a bearish trade: United States Steel Corporation (X). Shares did make a strong move above their 50-day moving average in mid-March — but this level held briefly in February for a few days ...
http://investorplace.com/2015/03/trade-of-the-day-u-s-steel-x/


U.S. Steel preferred as play on likelihood of steel tariffs, Credit ...
Sat, 28 Mar 2015 07:17:33 GMT
It's just a matter of time before U.S. steel companies such as Nucor , U.S. Steel and Steel Dynamics seek tariffs on imports , Credit Suisse analysts say. Recent plant closures by U.S. Steel and this week's State of Steel meetings in D.C. look like a convenient prelude to the filing of a steel trade case, the firm says, adding that one of the first steps is the demonstration of injury.
http://www.topix.com/business/steel/2015/03/150328B27H1S


Lower Crude Oil Prices Are Behind the Layoffs at U.S. Steel - Market ...
Fri, 27 Mar 2015 23:08:10 GMT
U.S. Steel (X) has issued notices to more than 2,000 employees of its Illinois plant under the Worker Adjustment and Retraining Notification (WARN) Act. The plant produces tubular products for the steel industry. The energy sector accounts for 10% of ...
http://marketrealist.com/2015/03/lower-crude-oil-prices-behind-layoffs-u-s-steel/


U.S. Steel Brings Steel Industry Woes to Congresspeople
Fri, 27 Mar 2015 19:06:13 GMT
A massive increase in steel imports has been the single biggest risk for the US steel industry. U.S. Steel faces challenges in its tubular segment also.
http://finance.yahoo.com/news/u-steel-brings-steel-industry-190613425.html


Local congressmen looking to help struggling steel industry - Belleville ...
Thu, 26 Mar 2015 22:43:34 GMT
Belleville News Democrat - Belleville News DemocratFlat rolled steel rests on rail cars at U.S. Steel Corp. in Granite City. The Pittsburgh-based company announced Wednesday that it will temporarily idle its Granite City steel plant and lay off its 2,080 workers for up to two months as the company ...
http://www.bnd.com/2015/03/26/3734103/local-congressmen-looking-to-help.html


Granite City community reacts to US Steel layoffs
Thu, 26 Mar 2015 13:06:35 GMT
MARYLAND HEIGHTS, MO. (KTVI) U.S. Steel has announced it will be laying off 2080 workers and the news is sending shockwaves throughout the Granite City community. Many other businesses rely on the thousands of workers who live in Granite City, like Lascelles restaurant. Executive Chef Eric Brenner talks about how the community will endure
http://fox2now.com/2015/03/26/granite-city-community-reacts-to-us-steel-layoffs/


SunCoke Energy, Inc. Releases Statement Regarding ...
Wed, 25 Mar 2015 20:05:00 GMT
Business Wire - SunCoke Energy, Inc. issued the following statement regarding U.S. Steel's announcement this morning that it is temporarily idling its Granite City Works flat-rolled op
http://us.rd.yahoo.com/finance/news/rss/story/*http://finance.yahoo.com/news/suncoke-energy-inc-releases-statement-200500733.html



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