In Pittsburgh, when I came to town U.S. Steel still occupied the U.S. Steel building.
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If things go well for U.S. Steel, the long equity position likely offsets whatever loss you would take on the CDS. U.S. Steel is far from immune to the price impact of Chinese demand, he says, and as a vertically integrated steelmaker it has exposure all along the process from iron ore to finished products.
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As Gordon Chang has reported, steel inventories are piling up as the economy slows (shares in U.S Steel are down nearly 25% this year), while other macro names tied to China like Alcoa are still underperforming the market.
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U.S. Steel has a competitive advantage over other steel manufacturers in the U.S. due to its long-standing relationship with the biggest players in the automobile industry.
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ArcelorMittal also competes with other international steel companies like Tata Steel and U.S. Steel.
Investing in a partnership that owned an iconic building in Pittsburgh - The U.S Steel Tower - has turned into a tax nightmare for out of state investors.
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As an integrated steel manufacturer, U.S. Steel (26.8 million tons annual capacity) is well positioned for higher demand, with a rich product mix, favorable raw materials costs and profitable plants in Europe.
To get the number, divide federal outlays by the revenues of the largest U.S. corporation, a status held at various times since 1900 by U.S. Steel, Rockefeller's oil business (now ExxonMobil et al.) and GM.
At the time, the GST union head blamed underpriced imports and sought a tariff on steel imports to bolster the U.S. steel industry.
Canadian officials, for example, said the exclusion of non-U.S. steel would violate the North American Free Trade Agreement, which lowered trade barriers among the U.S., Canada and Mexico.
Ross made International Steel Group into one of the largest U.S. steel producers by acquiring embattled mills out of bankruptcy and whipping them into efficient money-making machines.
The package would make Correnti the second-most-highly-paid steel executive, behind Thomas Usher of USX-U.S. Steel Group, a company with nine times Birmingham's revenues.
Cheap steel imports and an inflexible union work force were combining to make U.S. steel production challenging.
Frick made his money turning coal into coke for making steel, later hooking up with Carnegie to form what would become U.S. Steel.
Towering appropriately over the 1917 list of the 100 largest corporations was U.S. Steel Co.
This facility employs approximately 300 workers and was built at a former U.S. Steel industrial site.
There, in 1986, Ford and U.S. Steel had built the largest electrogalvanizing plant in the world.
U.S. Steel competes with international steel companies like ArcelorMittal, BaoSteel, Posco, Nippon Steel and ThyssenKrupp.
U.S. Steel, on the other hand, was down on a big loss, despite beating estimates.
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U.S. Steel is among the oldest and largest integrated steel producers in the world.
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General Motors, along with U.S. Steel and Royal Dutch Petroleum, were steady-paying blue chips.
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Leading that group was U.S. Steel, up 7.4% after catching an upgrade from Credit Suisse.
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Converse, one of the founders of U.S. Steel and president of the Bankers Trust Company.
Surma was the CEO of U.S. Steel and the vice chairman of the State Board of Trustees.
Furthermore, the largest U.S. steel producer, Mittal, is a majority Indian-owned company with corporate headquarters in Luxembourg.
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U.S. Steel, however, does not seem to be putting enough emphasis on improving profitability of this division.
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The event at the Westin Convention Center will be co-hosted by U.S. Steel Chairman and CEO Thomas Usher.
That 2% net margin is half that of larger rivals such as USX- U.S. Steel, Bethlehem and Inland.
Morgan bought out Carnegie to form U.S. Steel (nyse: X - news - people ).
Born in Gary, Indiana, the son of a worker at U.S. Steel, he later worked in the mills.
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