Latest U.S. Steel Stories

PITTSBURGH, June 6, 2011 /PRNewswire-FirstCall/ -- United States Steel and Carnegie Pension Fund, the trustee for the pension and other benefit plans of United States Steel Corporation (NYSE: X), announced today that Gary A. Glynn, who has served as president of the fund since 1985, will retire effective July 31 after more than 41 years of dedicated service. "Gary's skilled oversight and management of our pension fund assets under all types of economic conditions, and particularly during...

IRVING, Texas, May 23, 2011 /PRNewswire/ -- The Board of Directors of Commercial Metals Company (NYSE: CMC) (the "Company") headquartered in Irving, Texas, announced today that effective September 1, 2011, Joe Alvarado will assume the role of President and Chief Executive Officer. Alvarado has been the Company's Chief Operating Officer since April 2010 and was recently promoted to the position of President on April 6, 2011. Murray R. McClean will continue to serve the Company as Chief...

LIMA, PERU, May 9, 2011 /PRNewswire/ -- Li3 Energy, Inc., (OTC.BB. LIEG) ("Li3", "Li3 Energy" or the "Company"), a US-listed and Peruvian-based global exploration company in the lithium and minerals sector is pleased to announce that it has executed an exploratory Memorandum of Understanding (MOU) with POSCO, (NYSE: PKX), a Republic of South Korea multinational global leader. POSCO is a diversified company, with operations in energy, chemicals and materials. POSCO is one of the largest...

PITTSBURGH, April 29, 2011 /PRNewswire-FirstCall/ -- United States Steel Corporation (NYSE: X) announced today that David L. Britten will join U. S. Steel effective May 3, 2011, to serve in the newly created position of vice president - tubular technology & business development. Britten, 50, will oversee energy services and tubular technology development efforts, including premium connections, as well as other business development activities. He will report to Senior Vice President -...

PITTSBURGH, April 26, 2011 /PRNewswire-FirstCall/ -- United States Steel Corporation (NYSE: X) announced today that the Board of Directors declared a dividend of five cents per share on U. S. Steel Common Stock. The dividend is payable June 10, 2011, to stockholders of record at the close of business May 11, 2011. For more information about U. S. Steel, visit www.ussteel.com. SOURCE United States Steel Corporation

PITTSBURGH, April 26, 2011 /PRNewswire-FirstCall/ -- First quarter net loss of $86 million, or $0.60 per share, including $81 million, or $0.56 per diluted share, of net foreign currency gains, primarily from the remeasurement of intercompany loansFirst quarter shipments of 5.8 million tons, an increase of six percent from fourth quarter 2010First quarter net sales of $4.9 billion, an increase of 13 percent from fourth quarter 2010Reportable segment and Other Businesses loss from operations...

DETROIT, April 21, 2011 /PRNewswire/ -- As the Steel Market Development Institute (SMDI) celebrates the 41st anniversary of Earth Day tomorrow, investing member companies remind consumers about the sustainability benefits and superior recycling attributes of steel - making it the most cost-effective, durable option for all market applications. The North American steel industry has invested billions of dollars in new technologies over the past two decades. Expenditures directed towards these...

CANTON, Ohio, April 18, 2011 /PRNewswire/ -- The Timken Company (NYSE: TKR) will increase its annual steelmaking capacity by 120,000 tons across its steel manufacturing facilities in Canton, Ohio. The company is achieving this boost through a series of improvements at its Harrison Steel Plant that build upon and further leverage the $60 million rolling-mill investment completed there in 2008. (Photo: http://photos.prnewswire.com/prnh/20110418/CL84710 ) (Logo:...

IRVING, Texas, April 6, 2011 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) (the "Company") headquartered in Irving, Texas, announced today that its Board of Directors has promoted Joe Alvarado to the position of President and Chief Operating Officer. Mr. Alvarado has been the Company's Chief Operating Officer since April 2010; he will continue to report to Murray R. McClean who remains the Chairman and Chief Executive Officer of the Company. In this new position, Mr. Alvarado will...

NEWPORT BEACH, Calif., April 1, 2011 /PRNewswire/ -- Macsteel Service Centers USA expands its business operations in the Southeast with the opening of a new 60,000 square foot distribution center in Lakeland, Florida. The Lakeland facility will service the state of Florida. The facility stocks a full range of ERW pipe in Grades A, B and seamless. Future plans call for the product line to include flat rolled products. Clint Bitzer has been named Warehouse Supervisor at the new facility....