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United States

United States Steel Corp (X)

X on New York Consolidated

26.67USD
16 Oct 2017
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$-0.69 (-2.52%)
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Latest Key Developments (Source: Significant Developments)

United States Steel Corporation announces pricing of senior notes offering
Tuesday, 1 Aug 2017 04:47pm EDT 

Aug 1 (Reuters) - United States Steel Corp :United States Steel Corporation announces pricing of senior notes offering.United States Steel Corp - ‍pricing of its $750 million aggregate principal amount of 6.875% senior notes due 2025​.United States Steel Corp - ‍notes were issued at a price equal to 100% of their face value​.United States Steel Corp - ‍notes will pay interest semi-annually in arrears on february 15 and august 15 of each year beginning on february 15, 2018​.United States Steel - ‍notes will pay interest semi-annually in arrears on Feb 15,Aug 15 of each year beginning on february 15, 2018​.United States Steel Corp - ‍ notes will mature on August 15, 2025​.  Full Article

United States Steel issues statement on incident at Great Lakes Works
Tuesday, 1 Aug 2017 01:09pm EDT 

Aug 1 (Reuters) - United States Steel Corp ::United States Steel issues statement on incident at Great Lakes Works.United States Steel Corp - "Five employees were transported to local hospitals for treatment".United States Steel Corp - ‍operations at hot strip mill remain down, but additional operations at Great Lakes Works have not been affected​.United States Steel Corp - Earlier on Aug 1, there was an incident at U. S. Steel's Great Lakes Works in facility's hot strip mill.United States Steel- Investigation into incident underway, will work with United Steelworkers and relevant government agencies throughout process​.United States Steel- Do not anticipate any impact on customer shipments as have additional hot strip mill capacity at other domestic facilities.United States Steel Corp - At this time, facility's hot strip mill is secure and all other employees have been accounted for.  Full Article

U.S. Steel names Kevin Bradley as CFO
Wednesday, 26 Jul 2017 08:36am EDT 

July 26 (Reuters) - United States Steel Corp ::U. S. Steel names Kevin Bradley as executive vice president and chief financial officer.United States Steel Corp - ‍previously, Bradley served as senior vice president and chief financial officer of Terex Corporation​.  Full Article

U.S. Steel Corp says sees about $1.2 bln capital spending for asset revitalization program from 2017-2020
Tuesday, 25 Jul 2017 05:17pm EDT 

July 25 (Reuters) - United States Steel Corp :United States Steel Corp says currently expect capital spending for asset revitalization program to be about $1.2 billion from 2017 through 2020.  Full Article

United States Steel Corp declared five cents per share dividend
Tuesday, 25 Jul 2017 04:20pm EDT 

July 25 (Reuters) - United States Steel Corp :United States Steel Corp - board of directors declared a dividend of five cents per share on U. S. Steel common stock.  Full Article

United States Steel Corp reports Q2 earnings $1.48/shr
Tuesday, 25 Jul 2017 04:15pm EDT 

July 25 (Reuters) - United States Steel Corp :United States Steel Corporation reports second quarter 2017 results.Q2 earnings per share $1.48.Q2 earnings per share view $0.34 -- Thomson Reuters I/B/E/S.Results for our European segment declined compared with Q1 due to an unfavorable first-in-first-out (FIFO) inventory impact.Qtrly ‍net sales $3.14 billion versus $2.58 billion.Sees ‍2017 net earnings of approximately $300 million, or $1.70 per share​.2017 adjusted EBITDA outlook of approximately $1.1 billion.United States Steel Corp sees FY 2017 flat-rolled EBITDA of about $750 million.Q2 net sales $3,144 million versus $2,584 million last year.Q2 revenue view $2.95 billion -- Thomson Reuters I/B/E/S.  Full Article

U.S. Steel and Bedrock Industries finalize restructuring
Friday, 30 Jun 2017 04:15pm EDT 

June 30 (Reuters) - United States Steel Corp ::U. S. Steel and Bedrock Industries finalize restructuring and sale of U. S. Steel Canada.United States Steel Corp - transaction was finalized following requisite court and other approvals.United States Steel Corp - terms of plan and closing also included an agreement to provide mutual releases among key stakeholders.United States Steel Corp - as part of transition in ownership, U. S. Steel will continue to provide certain transition services to USSC.United States Steel Corp - entered an agreement to supply USSC with all of its requirements for iron ore pellets through January 31, 2022.United States Steel - terms of plan and closing also included a release of all claims against U. S. Steel regarding environmental, pension, other liabilities.United States Steel - in connection with closing, co received about $127 million in satisfaction of secured claims, including interest, unsecured claims.United States Steel - finalized agreement with Bedrock Industries Group Llc for sale and transition of ownership of U. S. Steel Canada Inc to Bedrock.  Full Article

Stelco says Court sanctioned plan of arrangement and reorganization with Bedrock Industries Group, other stakeholders
Friday, 9 Jun 2017 11:58am EDT 

June 9 (Reuters) - Stelco::Says Court sanctioned plan of compromise, arrangement and reorganization between co, Bedrock Industries Group LLC and other stakeholders.Now working towards closing transaction by June 30, 2017 and emerging from protection under Companies' Creditors Arrangement Act.  Full Article

U. S. Steel says Pipasu Soni will serve as interim CFO
Thursday, 1 Jun 2017 08:45am EDT 

June 1 (Reuters) - United States Steel Corp ::U. S. Steel announces new roles for three executive leaders.Says Pipasu Soni will serve as interim chief financial officer in role vacated by burritt.United States Steel - soni will now oversee all of co's financial activities until an active search for a permanent CFO is completed.  Full Article

U. S. Steel announces retirement of CEO Mario Longhi
Wednesday, 10 May 2017 04:04pm EDT 

May 10 (Reuters) - United States Steel Corp :U. S. Steel announces retirement of Chief Executive Officer Mario Longhi.United States Steel Corp - David B. Burritt, currently president and COO, was elected by board of directors to assume position of president and CEO.  Full Article

BRIEF-Cleveland-Cliffs announces acquisition of remaining equity interest in the Tilden Mine

* Cleveland-Cliffs Inc announces acquisition of remaining equity interest in the Tilden Mine