“The company's board of directors, with the assistance of the management team and its advisers, is progressing a robust, fair, and rigorous review process. The process remains ongoing, and therefore, we must respect our confidentiality obligations and the work the board is doing,” U. S. Steel chief executive officer David Burritt told investors during the company’s third-quarter earnings call on Friday.  

“Rest assured, steady progress is being made as we continue to support the due diligence efforts of the bidders in the process,” he said.

Burritt, however, reiterated that interest in the company remains high. 

“While I can't speak to the specifics of the process, I can tell you this: there is serious interest from many highly credible bidders in the board's competitive process,” he said.  “To be very clear, again, our board is fully committed to maximizing stockholder value.”