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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| US Steel Corp | NYSE:X | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.46 | -1.24% | 36.50 | 36.96 | 36.425 | 36.89 | 2,688,398 | 21:27:25 |
From Apr 2019 to Apr 2024
PITTSBURGH, Dec. 29, 2016 /PRNewswire/ -- United States Steel Corporation (NYSE: X) announced today it has reached agreements to supply iron ore pellets to third-party customers.
U. S. Steel will adjust its iron ore pellet production in order to take full advantage of these business opportunities. Included in the adjustments is a restart of the Keetac Plant in Keewatin, Minn. Employee callbacks at Keetac will begin in early January 2017, and the company anticipates production will begin in March 2017.
The Keetac Plant, which has an annual production capacity of approximately six million net tons, has been temporarily idled since May 2015 due to global influences in the market, including high levels of imported steel products, unfair trade and reduced steel prices.
United States Steel Corporation, headquartered in Pittsburgh, Pa., is a leading integrated steel producer and Fortune 250 company with major operations in the United States and Central Europe. For more information about U. S. Steel, please visit www.ussteel.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/united-states-steel-announces-third-party-iron-ore-pellet-sales-agreements-300384054.html
SOURCE United States Steel Corporation
Copyright 2016 PR Newswire
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