Jan. 3, 2007 — United States Steel Corp. announced that it has completed the redemption of its 10% Senior Quarterly Income Debt Securities (the "SQUIDS") due 2031.

Redemption of the SQUIDS in the aggregate principal amount of $49,326,575 plus accrued and unpaid interest paid to the holders of record on December 15, 2006, was funded from currently available funds.

In connection with the redemption, the company will record a pre-tax charge of approximately $3 million for the remaining unamortized issuance costs in the first quarter of 2007.

SQUIDS^(SM) is a service mark of Goldman, Sachs & Co.