| United States Steel Announces Third-Party Iron Ore Pellet Sales Agreements | |
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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 2015due 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 Statesand Central Europe. For more information about U. S. Steel, please visit www.ussteel.com.
SOURCE United States Steel Corporation
For further information: Erin DiPietro, Manager, Corporate Communications, T - (412) 433-6845, E - [email protected]
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United States Steel Corporation
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CODE : X |
ISIN : US9129091081 |
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United States Steel is a iron and tin producing company based in United states of america. United States Steel is listed in United States of America. Its market capitalisation is US$ 6.7 billions as of today (€ 6.3 billions). Its stock quote reached its lowest recent point on March 28, 2003 at US$ 10.01, and its highest recent level on November 30, 2007 at US$ 98.85. United States Steel has 176 184 431 shares outstanding. |