Steel News

Report: Stelco Interested in Acquiring U. S. Steel

22 September 2023 - Canada’s Stelco is reportedly pursuing a bid for United States Steel Corporation, Bloomberg has reported.

Report: U. S. Steel, Cleveland-Cliffs at Odds in Sales Process

21 September 2023 - A dispute between Cleveland-Cliffs Inc. and United States Steel Corporation has emerged over a confidentiality arrangement, locking Cleveland-Cliffs out of a sales process that is underway, reports the Reuters news service.

U. S. Steel, Energy Department Team Up for Carbon Sequestration Tech Test

20 September 2023 - United States Steel Corporation and the U.S. Energy Department will jointly test a way to pull carbon dioxide from flue emissions at the steelmaker’s Edgar Thomson plant in Pennsylvania.

Auto Strike Prompts U. S. Steel to Idle Blast Furnace

19 September 2023 - United States Steel Corporation is temporarily idling the B blast furnace at its Granite City Works amid a strike by the United Auto Workers.

U. S. Steel Begins Sharing Company Info With Potential Buyers

29 August 2023 - United States Steel Corporation is signing non-disclosure agreements with potential buyers and has started to share due diligence information with them as it reviews its strategic options, the company said Tuesday.

Esmark Ends Effort to Acquire U. S. Steel

23 August 2023 - Esmark Inc., the Pennsylvania-based steel processor and distributor that had put down a US$7.8 billion cash offer for United States Steel Corporation, has bowed out of the sales process.

USW Cannot Block Sale of Company, Says U. S. Steel

18 August 2023 - United States Steel Corporation said yesterday that the labor agreement it has in place with the United Steelworkers (USW) does not give the union the right to veto the sale of the company, the Reuters news service reports.

Senator’s Message to U. S. Steel: Reject Any Bids From Foreign Entity

17 August 2023 - Ohio Republican Sen. JD Vance has penned a letter to United States Steel Corporation, calling on the company to reject buyout offers from foreign entities, FOX Business reports.

Multiple Offers on Table for U. S. Steel

17 August 2023 - The steelmaker has received two multibillion-dollar offers this week, from Cleveland-Cliffs and Esmark, and sources say ArcelorMittal may be weighing a bid.

Esmark Puts in US$7.8 Billion Offer for U. S. Steel

14 August 2023 - Value-added flat-rolled steel producer Esmark Steel Group has put forth an offer to buy United States Steel Corporation (U. S. Steel) for a price of US$35 per share, according to reports this afternoon.

U. S. Steel Turns Down US$7.3 Billion Acquisition Bid From Cleveland-Cliffs

14 August 2023 - On Sunday, Cleveland-Cliffs Inc. revealed its proposal to buy out rival United States Steel Corporation (U. S. Steel) for US$7.3 billion, an offer that U. S. Steel has turned down, according to reports.

U. S. Steel Offers Environmental Declarations for BRS Customers

13 July 2023 - United States Steel Corporation has begun issuing environmental product declarations on flat-rolled products originating in Big River Steel Works furnaces, the company said Thursday.

U. S. Steel Puts a Name to Its Latest Electrical Steel

23 March 2023 - With United States Steel Corporation nearing the end of construction on its electrical steel line in Arkansas, the company is introducing a branded line of non-oriented electrical steel.

U. S. Steel Returns Idled Blast Furnace to Service

20 March 2023 - Improving demand and rising prices have prompted United States Steel Corporation to restart an idled blast furnace.

Report: U. S. Steel Ready to Cool Three Coke Batteries

14 March 2023 - United States Steel Corporation will start winding down three Pennsylvania coke batteries later this month, following through on a promise it made two years ago.

U. S. Steel, Cleveland-Cliffs Seek Minnesota Iron Ore Leases

07 March 2023 - United States Steel Corporation and Cleveland-Cliffs Inc. are seeking public mineral leases that had been part of proposed mine and taconite pellet plant in Minnesota.

U. S. Steel Opens Discussions on Potential Carbon Capture Project

02 March 2023 - United States Steel Corporation is considering a potential carbon capture project at its Gary, Ind., USA, facility, announcing Thursday that it has opened discussions with the developer of a carbon capture and reuse technology.

GM Signs for U. S. Steel’s Sustainable Steel

16 February 2023 - United States Steel Corporation has signed an agreement to supply General Motors with verdeX, its branded line of sustainable steel, U. S. Steel announced Wednesday.

U. S. Steel Restarts Idled Mon Valley Works BF

06 February 2023 - Increasing demand has prompted United States Steel Corporation to restart the No. 3 blast furnace at its Mon Valley Works in Pennsylvania.

U. S. Steel Eyes Late-Summer Completion of NGO Line

26 January 2023 - United States Steel Corporation’s non-grain-oriented electrical steel (NGO) line in Arkansas is proceeding as planned and is on track for a late-summer start, the company has said.