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Steel today posted a third-quarter loss of $303 million, an improvement over second-quarter results and less red ink than analysts were expecting. The loss amounted to $2.11 per diluted share and was the Pittsburgh steel producer's third consecutive quarterly...
Tags: United States Steel Corp., U.S. Steel Corp., quarter loss, Steel Corporation, diluted share, steel posts, quarter results, low levels, temporarily shut, net loss
A union representative says United States Steel Corp. plans to recall about 800 laid-off workers at a plant in Canada. The president of the United Steelworkers' Local 1005 says the Pittsburgh-based company has said it will recall the workers at its plant...
Tags: United Steelworkers District, Granite City, United States Steel Corp., US Steel, U.S. Steel, Canada
The Canadian government warned United States Steel Corp. on Wednesday that it must live up to its production commitments at the former Stelco Inc. plants in Ontario which it has temporarily shut down. Industry Minister Tony Clement said he sent a letter...
Tags: U.S. Steel Corp., Canada, Industry Tony Clement, Stelco Inc., Ontario, Ottawa, Canadian, minister tony, United States Steel Corp., industry minister
The Miami-based company said its profits last year were $60.5 million, or 80 cents a share, compared with profits of $73.8 million, or $1.07 per share, in 2007. The company's Liggett Group subsidiary manufactures discount cigarette brands and is headquartered...
Tags: U.S. Steel Canada, United States Steel Corp., Hamilton Spectator, Hamilton Works, Stelco, US Steel Canada, federal industry, U.S Steel, Ontario, industry minister
United States Steel Corp. said Thursday it is laying off 677 workers in the United States and Canada because of lower demand for steel. The layoffs, effective immediately, affect workers at facilities in Northwest Indiana; the Pittsburgh area; Fairfield,...
Tags: United States Steel Corp., Canada, U.S. Steel, steel lays, John Armstrong (model railroader), effective immediately, Alton Steel Inc., US Steel, used steel, Granite City
United States Steel Corp. says its third-quarter profit more than tripled as higher prices led to record gains in its tubular and flat-rolled steel businesses, but the company expects softening demand to lower fourth quarter results. The Pittsburgh-based...
Tags: U.S. Steel, U.S Steel, Kraft Foods, quarter profitable, United States Steel Corp., US Steel, North American, Mr. Surma, Europe, posts cereals