United States Steel Corporation Makes Significant Operational Adjustments to Advance “Best of Both” Strategy
United States Steel Corporation (X)
Last united states steel corporation earnings: 4/30 04:16 pm
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Source: GlobeNewswire
No employees affected before April 2020 as a result of this decisionSignificant employee benefits and support: https://greatlakes.uss.com/Aligns with multi-billion-dollar investments in the United States to create a secure future with sustainable jobs PITTSBURGH, Dec. 19, 2019 (GLOBE NEWSWIRE) -- United States Steel Corporation (NYSE: X) today announced additional actions to competitively position the company for the future. These actions advance the company’s “best of both” strategy and better align the company around three core assets within its North American Flat-Rolled operating segment. U. S. Steel intends to indefinitely idle a significant portion of its Great Lakes Works operation near Detroit, Mich. The company expects to begin idling the iron and steelmaking facilities on or around April 1, 2020, and the Hot Strip Mill rolling facility before the end of 2020. This decision is another step to advance U. S. Steel’s strategy to become a world-competitive, “best of both”
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