Steel News

Commerce Department Sides with U.S. Cold-Rolled, Corrosion-Resistant Producers in Circumvention Case

18 May 2018 - Overseas producers were circumventing U.S. anti-dumping measures by converting Chinese-made, hot-rolled coils to corrosion-resistant and cold-rolled steel in Vietnam, the U.S. Commerce Department ruled on Thursday.

U. S. Steel Appoints Two to Executive Team

17 April 2018 - United States Steel Corporation attorney Richard L. Fruehauf has been named vice president of strategic planning and corporate development, the steelmaker said Monday.

U. S. Steel Foresees Better 2018 Earnings

13 March 2018 - United States Steel Corporation has increased its 2018 earnings forecast by 13%, reflecting the restart of an idled blast furnace and the imposition of a 25% tariff on steel imports.

Section 232 Decision Prompts U. S. Steel to Restart Illinois Blast Furnace

07 March 2018 - United States Steel Corporation plans to restart the B blast furnace at its Granite City Works in Illinois as a result of President Donald Trump’s proposed blanket tariff on imported steel, the company said on Wednesday.

U. S. Steel Sets Temporary Leadership for Tubular Business

05 February 2018 - United States Steel Corporation has named senior vice president Douglas R. Matthews as the interim head of its tubular business.

U. S. Steel Posts Quarterly, Yearly Profit

01 February 2018 - United States Steel Corporation returned to full-year profitability in 2017 as the iconic Pittsburgh steelmaker recorded net earnings of US$387 million.

GrafTech Names U. S. Steel SVP as Chief Executive

31 January 2018 - Steel industry veteran and United States Steel Corporation executive David J. Rintoul has been named president and chief executive of electrode manufacturer GrafTech International Ltd.

U. S. Steel Reports Third Quarter Profit of $147M

02 November 2017 - United States Steel Corp. nearly tripled its third-quarter profits on higher average prices and improved shipments, the company reported.

Cleveland-Cliffs Acquires Full Stake in Iron Ore Mine, Pellet Plant

02 October 2017 - Iron ore producer Cleveland-Cliffs Inc. has bought out its joint venture partner in a Michigan mine, the company said on Monday.

U. S. Steel to Expand Ohio Galvanizing Plant

26 September 2017 - United States Steel Corp. and joint venture partner Kobe Steel Ltd. are investing US$400 million in a new continuous galvanizing line to meet rising demand for advanced high-strength steels.

U. S. Steel Wins Tax Break on Tin Mill Improvement

07 September 2017 - United States Steel Corp.’s Midwest Plant in Portage, Ind., USA, has won a five-year tax abatement on upgrades it is making to the facility’s tin mill.

Six Injured in Accident at U. S. Steel's Great Lakes Works

01 August 2017 - Six people were injured Tuesday morning in what is being called an explosion at United States Steel Corporation’s Great Lakes Works in Michigan.

U. S. Steel Posts US$162 Million Profit in Second Quarter

26 July 2017 - United States Steel Corporation swung to profitability in the second quarter on higher average steel prices.

Stelco Completes Sale and Exits Creditor Protection

03 July 2017 - U.S. investment firm Bedrock Industries has closed on its acquisition of Canada’s Stelco, officially bringing to an end a decade of United States Steel Corporation ownership and nearly three years of uncertainty under creditor protection.

Judge OKs Stelco Sale

09 June 2017 - A Canadian judge approved Stelco’s restructuring plan and sale to U.S. investment firm Bedrock Industries Group on Friday, a decision that will allow the steelmaker to emerge from creditor protection as a standalone business.

U. S. Steel Announces Four Executive Appointments

01 June 2017 - United States Steel Corp. president and chief executive officer David B. Burritt has begun setting his management team, announcing new roles and duties for three current executives and the hiring of a fourth on Thursday.

U. S. Steel's Mario Longhi Steps Down, Announces June Retirement

10 May 2017 - United States Steel Corporation’s chief executive officer has stepped down and will retire from the company at the end of June, the steelmaker announced Wednesday.

U. S. Steel to Restart Idled Tube Mill

26 April 2017 - United States Steel Corp. said it is restarting an idled electric-weld tube line in Texas and has reconsidered the closing of a pipe processing line in Ohio.

U. S. Steel Speeds Up Mill Upgrades at the Expense of Near-Term Earnings

26 April 2017 - United States Steel Corp. shares slid nearly 27% on Wednesday after the integrated steelmaker posted an unexpected US$180 million loss and said an accelerated plan to rehab its mills would cut into future earnings.

Investigation to Assess National Security Risks of Steel Imports

20 April 2017 - The Trump Administration has opened an investigation into whether steel imports are threatening national security, invoking a seldom-used, 55-year-old law that gives the president the right to restrict imports due to national security concerns.