Keyword: ussteel

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  • Trump hails Illinois steel mill as an economic success story (excellent vid at story)

    07/26/2018 6:24:40 PM PDT · by God luvs America · 18 replies
    KMOV.com ^ | Jul 26, 2018 6:24 PM EDT | Stephanie Baumer
    GRANITE CITY, Ill. (AP) — President Donald Trump on Thursday trumpeted the renewed success of an Illinois steel mill, pushing back against criticism that his escalating trade disputes are hurting American workers and farmers. The president pointed to the U.S. Steel plant's reopening as a success story after he slapped tariffs on imported steel and aluminum last spring. On Wednesday, he and European leaders agreed to open talks on trade, a decision he called a breakthrough. "America never surrenders," Trump said in an address to workers at the company's steel coil warehouse in Granite City. "We don't wave the white...
  • Illinois protesters greet Trump with giant 'Trump chicken'

    07/26/2018 7:29:06 PM PDT · by 2ndDivisionVet · 28 replies
    The Hill ^ | July 26, 2018 | Aris Folley
    Protesters greeted President Trump on his visit to Granite City, Ill., with a giant balloon depicting him as a chicken. Trump delivered remarks at the U.S. Steel Co.'s Granite City Works, where he also took credit for the plant’s reopening following his increased tariffs on imports. Protesters lined up hours ahead of his visit to greet the president with the “Trump chicken” balloon and numerous signs attacking the president as a “liar,” calling for his impeachment, and slamming his controversial “zero-tolerance” immigration policy. (TWEET-AT-LINK) Last week, another 33-foot-tall inflatable blimp depicting Trump as a chicken captured headlines after it was...
  • Trump visits Granite City Thursday, home to reopened U.S. Steel mill (Illinois)

    07/22/2018 8:11:10 PM PDT · by 2ndDivisionVet · 17 replies
    The Chicago Sun Times ^ | July 22, 2018 | Lynn Sweet
    President Donald Trump is making his first visit to Illinois since becoming president, making a stop in Granite City on Thursday where he is expected to tout the reopening of a U.S. Steel Corp. mill. The White House announced Sunday night Trump will swing through Granite City, in southern Illinois near St. Louis and Dubuque, Iowa, on Thursday. The Trump administration has been highlighting U.S. Steel’s Granite City mill as a trade war success story even as the tariffs have sparked concerns in other sectors, with alarms sounded by Illinois farmers whose main crop is soybeans. The visit will have...
  • U.S. Steel to Restart Illinois Plant Operations Amid Trump’s Tariff Plans

    03/07/2018 10:53:50 AM PST · by Red Badger · 48 replies
    www.wsj.com ^ | Updated March 7, 2018 11:35 a.m. ET | By Allison Prang and Bob Tita
    The company plans to call back about 500 employees United States Steel Corp. X +4.25% said it would restart a blast furnace in Illinois to handle the higher demand it expects from President Donald Trump’s proposed tariffs on foreign steel. The steelmaker said it also plans to call 500 employees back to work at the Granite City mill. U.S. Steel idled its blast furnaces there two years ago as a flood of cheap imports pushed down domestic steel prices. Steel producers have been hurt in recent years by increasing competition from foreign competitors, particularly China, that have ramped up production...
  • EPA: US Steel leaks chemical into Lake Michigan tributary

    04/12/2017 2:35:33 PM PDT · by Olog-hai · 9 replies
    Associated Press ^ | Apr 12, 2017 4:05 PM EDT
    A spill at a U.S. Steel plant in northern Indiana that sent wastewater containing a potentially carcinogenic chemical into a Lake Michigan tributary was apparently caused by a pipe failure, the steelmaker said Wednesday. Tuesday’s spill of an unknown amount of wastewater led to the closure of two beach areas at the scenic Indiana Dunes National Lakeshore and prompted a local water utility to stop drawing water from the lake out of “an abundance of caution,” the U.S. Environmental Protection Agency said. U.S. Steel said a preliminary investigation shows an expansion joint failed Tuesday in a pipe at its Portage,...
  • BREAKING: U.S. Steel CEO Says 10,000 Jobs To Be Brought Back…

    12/25/2016 6:55:12 PM PST · by Mechanicos · 118 replies
    USAPoliticsNow ^ | Dec 8 2016 | USAPolitics Admin
    U.S. Steel CEO Mario Longhi admitted that manufacturing challenges exist exclusively in the United States thanks to oppressive regulation set forth by President Obama. Longhi is willing to bring as many as 10,000 jobs back to the United States because of the prosperity predicted with the advent of the incoming Trump administration. Jobs were lost to lay offs and downsizing during the Obama administration, and many employees found work overseas.
  • US Steel wants to accelerate investments, bring back jobs, CEO says

    12/07/2016 5:48:15 PM PST · by MaxistheBest · 41 replies
    CNBC.com ^ | 12/07/2016 | Michelle Fox
    <p>U.S. Steel CEO: All we've been looking for is fairness US Steel CEO: All we've been looking for is fairness 7 Hours Ago | 04:56 United States Steel would like to accelerate its investments and hire back laid-off employees now that Donald Trump will be occupying the Oval Office, CEO Mario Longhi told CNBC on Wednesday.</p>
  • Trump win sends steel stocks higher

    12/01/2016 6:52:06 AM PST · by GonzoII · 7 replies
    Pittsburgh Post-Gazette ^ | December 1, 2016 12:00 AM | Len Boselovic
    Steel stocks have surged since Donald Trump won the U.S. presidential contest on promises to put America first and make massive investments in the nation’s infrastructure. And no steel producer has benefited more than U.S. Steel. Its shares have jumped 54 percent since Nov. 8, closing Wednesday at $32.34, up $1.18. However, analysts say there are plenty of steel producers who stand to benefit more than U.S. Steel if the Trump administration pushes through a massive infrastructure program...
  • US Steel files trade complaint against big Chinese producers

    04/26/2016 6:12:24 PM PDT · by Olog-hai · 11 replies
    Associated Press ^ | Apr 26, 2016 7:00 PM EDT
    United States Steel Corp. has filed a complaint with U.S. regulators against the biggest Chinese steel producers, accusing them of conspiring to fix prices, stealing trade secrets and skirting duties on imports in the U.S. with false labeling. The big steelmaker is alleging illegal unfair competition by the Chinese producers and their distributors, and is seeking “the exclusion of all unfairly traded Chinese steel products from the U.S. market.” U.S. Steel announced Tuesday that it lodged the complaint with the U.S. International Trade Commission. Normally the independent federal agency decides within 30 days whether or not to act. The case...
  • US Steel cutting about 750 non-union jobs

    04/06/2016 5:22:42 PM PDT · by Olog-hai · 21 replies
    Associated Press ^ | Apr 6, 2016 6:29 PM EDT
    U.S. Steel says it is cutting 25 percent of its non-union workforce in North America, or roughly 750 jobs. The Pittsburgh-based steel producer has about 21,000 employees in North America and about 18,000 are represented by the United Steelworkers union at last count. …
  • U.S. Steel shutting down Keetac plant on Iron Range

    03/14/2015 7:31:24 AM PDT · by TurboZamboni · 20 replies
    Pioneer Press ^ | 3-14-15 | John Myers
    U.S. Steel announced Thursday that it will idle its Keetac taconite iron ore operations starting May 13, another victim of the huge glut of global iron ore and steel that's far outpacing demand. The company said up to 412 workers at the facility will be affected and that they are being notified. Some employees will be kept on to maintain the operations, so the exact number of layoffs hasn't yet been determined, the company said. Pittsburgh-based U.S. Steel said the Keewatin, Minn., plant will be idled indefinitely "due to the company's current inventory levels and ongoing adjustment of its steelmaking...
  • US Steel to lay off more than 350 at Indiana tin mill

    01/22/2015 1:46:47 PM PST · by Olog-hai · 43 replies
    Associated Press ^ | Jan 22, 2015 2:02 PM EST
    U.S. Steel says it will lay off more than 350 workers in East Chicago, Indiana, as it plans to temporarily close its tin mill. Company spokeswoman Sarah Cassella tells The Times in Munster that layoffs will begin in mid-March. She declined to comment on how long the plant will be closed for. Cassella says low-priced tin product imports have hurt domestic business. …
  • U.S. Steel locks out Hamilton (Ontario) workers

    11/07/2010 6:43:07 PM PST · by tcrlaf · 5 replies
    CBC News-Windsor ^ | Sunday, November 7, 2010 | Canadian Press
    U.S. Steel has locked out 900 employees at its plant in Hamilton, Ont., according to local media. The Hamilton Spectator reported that the company locked the gates of the Burlington Street facility on Sunday night. Earlier, Local 1005 of the United Steelworkers of Canada said employees received letters Saturday evening saying the company would lock out workers as of 7 p.m. Sunday. The union said the company is demanding workers put a Nov. 4 contract offer to a membership vote. The offer, which U.S. Steel calls "final," was sent through the mediator appointed by the provincial Ministry of Labour. Workers...
  • U.S. Steel Swings To Profit as Sales Surge Some 47%

    01/24/2005 9:25:57 PM PST · by BurbankKarl · 7 replies · 375+ views
    Wall Street Journal ^ | 1/25/05 | Paul Glader
    PITTSBURGH -- U.S. Steel Corp., the first major domestic steelmaker to report earnings, swung to a fourth-quarter profit of $462 million from a year-earlier loss, helped by strong demand, particularly in its tubular business. The company posted net income of $3.55 a share, its fourth straight quarterly profit after four quarters of losses in 2003, before a pricing boom lifted the steel industry's profits and share prices. U.S. Steel, the country's largest steelmaker, had a loss of $22 million, or 26 cents a share, a year earlier. Fourth-quarter revenue surged 47% to $3.93 billion. World-wide, the company shipped 5.4 million...
  • U.S. Steel to buy National Steel

    01/09/2003 10:01:57 AM PST · by Hermann the Cherusker · 43 replies · 430+ views
    Detroit Free Press ^ | 1/9/03 | ASSOCIATED PRESS
    <p>PITTSBURGH -- U.S. Steel Corp., the nation's largest steel maker, said Thursday it will purchase bankrupt National Steel Corp. for about $750 million.</p> <p>Under the deal, U.S. Steel would also assume about $200 million of its smaller rival's debt.</p> <p>U.S. Steel could increase production capacity by as much as 40 percent and expects a combined annual cost savings of about $170 million within two years of purchase, company officials said. Savings will come from a reduction in redundant overhead, transportation costs and an improved labor contract, company officials said.</p>
  • U.S. Steel Profits Top Expectations

    10/22/2002 9:45:38 AM PDT · by Tumbleweed_Connection · 7 replies · 143+ views
    Yahoo ^ | 10/21/02 | MIKE CRISSEY
    PITTSBURGH (AP) - U.S. Steel posted earnings Monday of $106 million for the third quarter, due mostly to higher production and steel prices. The nation's largest integrated steelmaker reported a profit of $1.04 a share, compared to a loss of $23 million, or 26 cents a share, in the same period last year. Excluding a one-time charge, the Pittsburgh-based company reported it earned $103 million, or $1 per share, compared with loss of $17 million, or 19 cents a share, a year earlier. It was the second consecutive quarterly profit for U.S. Steel, and the second quarter in a row...