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U. S. Steel
Latest News
Weirton Steel to Enter Staggered Temporary Reductions
16 January 2004 -
Coke Shortage Forces Weirton Steel to Curtail Operations
12 January 2004 -
Despite Volume Increases, Ohio Steelmakers Struggle with Supply Costs
02 January 2004 - Leading indicators for Ohio's steel industry are up through the first nine months of 2003, but high steelmaking supply costs are undermining earnings.
USS Reports on Pension Fund Contribution and Other Business Matters
02 January 2004 - United States Steel Corp. announced that in late December it completed the voluntary contribution of timber cutting rights, which were valued at $59 million by an independent appraisal, to its defined benefit pension plan. As a result, the company will record a pre-tax gain of approximately $55 million in the fourth quarter of 2003 to reflect the excess of the fair value of the contributed assets over their net book value. In addition, U. S. Steel voluntarily contributed $16 million in cash to its defined benefit pension plan, bringing total 2003 contributions to $75 million.
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