U.S. Steel - latest news headlines & business reports.

Steel News: U.S. Steel

U.S. Steel business headlines & news reports

US Steel May Idle Plant, Citing Market Conditions - Wall Street Journal
Tue, 06 Oct 2015 23:14:33 +0100
Fluctuating oil prices, reduced rig counts, depressed steel prices and unfairly traded imports have led to the potential consolidation of operations, the steel producer said. U.S. Steel said 2,000 employees at its Granite City Works plant in Illinois ...

US Steel may temporarily close Granite City steel mill - STLtoday.com
Tue, 06 Oct 2015 22:13:38 +0100
U.S. Steel said Tuesday it may temporarily idle its Granite City Works steel mill, which would put 2,000 people out of work. The company blamed tough market conditions, including fluctuating oil prices, reduced (oil) rig counts, depressed steel prices ...

U.S. Steel Imports Dip in August, Industry Remains at Risk - Zacks.com
Wed, 30 Sep 2015 21:36:59 +0100
Imports of steel, which have been a pressing problem faced by the beleaguered American steel industry, dropped roughly 8% from the previous month in August, according to the American Iron and Steel Institute ('AISI'). The decline a positive for the ...

USW exchanging proposals with U.S. Steel
Wed, 30 Sep 2015 14:00:00 +0100
2 hours ago Joseph S. Pete joseph.petenwi.com, (219) 933-3316 The United Steelworkers union has returned to the bargaining table with U.S. Steel and ArcelorMittal, and they're discussing a wide range of issues. The USW says it's making progress.

Here's Why We're Revising Our Price Estimate For US Steel to $16 ...
Thu, 17 Sep 2015 15:57:07 +0100
The U.S. steel industry is facing challenging market conditions. Competition from cheap steel imports and subdued demand conditions have negatively impacted the prospects of domestic steelmakers such as U.S. Steel (NYSE:X). The company recently ...

Turkey considering WTO appeal over US steel pipe duties - industry ...
Mon, 14 Sep 2015 10:46:00 +0100
In a big win for U.S. steel pipe makers, the U.S. International Trade Commission ruled last year that imports of 'oil country tubular goods' (OCTG) from South Korea, India, Taiwan, Turkey, Ukraine and Vietnam would be subject to duties of up to 118 ...

U.S. steel industry faces risks from cold-rolled steel imports -commission
Thu, 10 Sep 2015 15:41:00 +0100
Imports from the affected countries - Brazil, China, India, Japan, South Korea, Russia and the United Kingdom - totaled $1.2 billion in 2014, the ITC said The steel is used in industries ranging from auto making to construction.

Union says ArcelorMittal not backing down from demands - nwitimes.com
Tue, 08 Sep 2015 22:02:54 +0100
The USW, which represents more than 12,000 workers at ArcelorMittal and U.S. Steel Corp. mills in Northwest Indiana, has resisted proposals by both steelmakers to raise out-of-pocket health care costs, freeze pay, reduce overtime, and increase vacation ...

The U.S. Dollar Is Stronger Than Steel - Bloomberg
Thu, 03 Sep 2015 22:48:00 +0100
Andrew Lane, an analyst at Morningstar, expects U.S. steel production to come in at around 85 million metric tons this year, down from 98 million in 2007. I don't think we'll get back to that level until 2020, Lane says. Things are particularly hard ...

Steelworkers rally as US Steel, Arcelor Mittal agree to allow work ...
Wed, 02 Sep 2015 05:10:14 +0100
U.S. Steel and Arcelor Mittal have agreed to allow about 30,000 union workers to keep working under the terms of contracts that expired Tuesday, as the two sides continue bargaining at the end of a summer of labor unrest in the industry. Meanwhile ...

Union representing Iron Range workers agree to continue talks with ...
Tue, 01 Sep 2015 21:55:14 +0100
United Steelworkers says U.S. Steel and ArcelorMittal had been asking for too many concessions, even given the current industry downturn. On the table, according to the union, are large increases in health care deductibles, a two-tier wage system and ...

USW: ArcelorMittal employees to work past Tuesday contract expiration
Mon, 31 Aug 2015 20:13:00 +0100
The United Steelworkers union says it plans to continue negotiating with U.S. Steel and ArcelorMittal past Tuesdays expiration of contracts for 30,000 steelworkers. The union told ArcelorMittal employees in a negotiations update on its website that it ...

Tensions rise on Iron Range as steel talks near deadline - Washington ...
Sun, 30 Aug 2015 21:34:34 +0100
Union officials contend that U.S. Steel and ArcelorMittal - the world's largest steelmaker -are asking for too many concessions. Brian Zarn, president of Steelworkers Local 6860 in Eveleth, and other union officials told workers at an Aug. 20 rally in ...

Steel Companies Feel the Heat from Chinese Slowdown
Sun, 30 Aug 2015 16:19:00 +0100
However, if you an investor in any of the mining companies (XME) including U.S. Steel (X), ArcelorMittal (MT), and Timken Steel (TMST), you should also pay attention to how the Chinese (EWH) steel demand is playing out. In this part, well explore the ...

Tensions rise as steel talks approach deadline - Minneapolis Star ...
Sat, 29 Aug 2015 14:45:38 +0100
Nationally, steelworkers have called for massive rallies on Tuesday outside the U.S. headquarters of ArcelorMittal in Chicago and U.S. Steel in Pittsburgh. Steelworkers here will form a practice picket line on Tuesday at ArcelorMittal Minorca in ...

If you have a steel industry news item or company press release that you would like us to publish above and distribute without restrictions concerning syndication and reuse, then please contact support@steelonthenet.com.