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U.S. Steel business headlines & news reports

Cheap Chinese Imports Make Steel Dynamics A Risky Bet (STLD) - Seeking ...
Fri, 01 May 2015 14:35:28 +0100
Seeking Alpha - Seeking AlphaIt is surprising to see that Steel Dynamics (NASDAQ:STLD) has gained close to 11% on the stock market this year. The U.S. steel market has been suffering due to cheap imports from China and a slowdown in energy infrastructure due to weak oil prices ...

U.S. Steel: It's A Bloodbath - Seeking Alpha
Thu, 30 Apr 2015 15:25:29 +0100
X is facing numerous macro headwinds, including collapsing steel prices, high levels of imports, strong USD, which makes imports cheaper for the U.S. buyer, and energy market pullback due to lower oil prices. U.S. Steel imports are at their ...

Will U.S. Steel Deliver EPS Growth Experts & Crowd Disagree
Wed, 29 Apr 2015 05:54:56 +0100
Shares of United States Steel Corporation were up on Tuesday as the company prepares to report its first quarter financial results after the market closes. According to Estimize , there is a big divergence between experts' expectations and the crowd's expectations.

US Steel Swings to Loss, Cuts Guidance - Wall Street Journal
Tue, 28 Apr 2015 22:15:36 +0100
Oil prices have fallen more than 40% in the past year to less than $60 a barrel, leading to a pullback by energy producers and lower demand for steel pipe for drilling. Under Mr. Longhi, who took over as CEO in 2013, U.S. Steel has been aggressive ...

Other View: US steel industry needs level playing field - Duluth ...
Sat, 25 Apr 2015 04:06:03 +0100
Idling plants in Minnesota is a symptom of the larger, vexing woes of the United States steel industry. A steel glut on the world market has dramatically driven down prices and led to surging imports. Excess global capacity was estimated by a 2014 ...

Will Lower Oil Prices Weigh on U.S. Steels (X) Earnings - Zacks.com
Fri, 24 Apr 2015 22:15:46 +0100
Zacks.comOversupply in the steel industry has put pressure on steel prices as Chinese steel production outpaced demand. In addition, China's leading position in steel production may give the Chinese players a better control over pricing. The low costs of ...

How U.S. Steel Fares In A SWOT Analysis (X) - Seeking Alpha
Thu, 23 Apr 2015 16:55:06 +0100
In addition, U.S. Steel also will construct a tubular products coupling facility at Fairfield, which will make couplings for its customers in the oil and gas industry, strengthening its oil country tubular goods (OCTG) segment. These operational ...

U.S. Steel Tweaks Management in Europe, North America - Zacks.com
Thu, 16 Apr 2015 21:33:36 +0100
Zacks.comBetter-ranked companies in the steel industry include Evraz Highveld Steel & Vanadium Ltd. (HGVLY), ThyssenKrupp AG (TYEKF - Snapshot Report) and LB Foster Co. (FSTR - Analyst Report). While ThyssenKrupp sports a Zacks Rank #1 (Strong Buy), ...

U.S. Steel CEO named Steelmaker of the Year
Mon, 13 Apr 2015 17:40:00 +0100
The Association for Iron & Steel Technology named U.S. Steel President and Chief Executive Officer Mario Longhi the 2015 AIST Steelmaker of the Year.

Officials supporting laid off workers
Sat, 11 Apr 2015 17:37:54 +0100
With U.S. Steel set to idle its Granite City Works plant at the end of May, Madison County Board Chairman Alan Dunstan and Granite City Mayor Ed Hagnauer are expressing support for the 2,080 workers w

U.S. Steel announces layoffs; Kountz & Rider prepares to close; ...
Sat, 04 Apr 2015 20:58:51 +0100
U.S. Steel will lay off 165 workers at its Irvin plant in West Mifflin, effective Sunday, the latest of a series of cutbacks the Pittsburgh steel producer has announced. The company blamed high levels of imports, falling steel prices and fluctuating ...

US Steel to lay off 165 at western Pennsylvania plant
Sat, 04 Apr 2015 15:20:34 +0100
WEST MIFFLIN, Pa. (AP) - U.S. Steel Corp. has announced plans to temporarily lay off 165 workers at a western Pennsylvania plant.

U.S. Steel's Irvin Plant in West Mifflin to lay off 165 workers - ...
Fri, 03 Apr 2015 22:12:12 +0100
U.S. Steel Corp. is laying off 165 workers at its Irvin Plant in West Mifflin, the latest move by the company to cut North American production to deal with low steel prices, an influx of cheaper imports and falling oil prices that are hurting demand.

US Steel to temporarily idle Minnesota ore operations
Thu, 02 Apr 2015 00:00:00 +0100
United States Steel (US Steel) has announced plans to scale-down production and temporarily idle a portion of its Minnesota Ore Operations - Minntac plant in Mountain Iron, Minnesota.

U.S. Steel to Invest in Value-Added Steel as Part of Carnegie Way
Wed, 01 Apr 2015 20:06:11 +0100
Value-added steel products sell at higher prices compared to standard steel products. This is also part of the Carnegie Way plan.

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