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Latest News:
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U.S. Steel Reports 3rd Quarter Results Oct. 31, 2007 - United States Steel reports net income of $269 million on net sales of $4.35 billion for the third quarter, and net income of $844 million on net sales of $12.34 billion for the first nine months of 2007.
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Stelco Announces Details of Proposed Notes Redemption Sep. 20, 2007 - U. S. Steel specifies that Stelco's floating-rate notes due 2016 are to be redeemed on the effective date of the companies’ proposed arrangement under Section 192 of the Canada Business Corporations Act involving Stelco, U.S. Steel and 1344973 Alberta ULC, an indirect wholly owned subsidiary of U.S. Steel.
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ArcelorMittal Confirms Acquisition of Wabush Mines Sep. 6, 2007 - ArcelorMittal announces that it will exercise its Dofasco subsidiary’s option to acquire the remaining shares of iron ore and pellet producer Wabush Mines from Stelco and Cleveland Cliffs.
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U. S. Steel to Acquire Stelco Aug. 27, 2007 - Amid much market speculation, U. S. Steel announces plans to acquire Stelco for $38.50 (Canadian) per share for an aggregate value of approximately $1.1 billion (U.S.) based on approximately 30 million fully diluted shares.
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