US Steel – News Stories About US Steel - Page 1

'Angry' Steelworkers
Are Ready to Strike

Sep 9, 2018 11:15 AM CDT

'Angry' Steelworkers Are Ready to Strike

Workers for US Steel say they're ready to walk off the job

(Newser) - US Steel workers are fired up and ready to strike if a new contract isn't reached soon, the Times of Northwest Indiana reports. Workers for the Pittsburgh-based company voted nationwide this week to approve a strike if talks involving health care costs, retiree benefits, and wage increases don't...

Dow Rallies on Housing; Up 214

MARKETS

May 4, 2009 3:17 PM CDT

Dow Rallies on Housing; Up 214

Financials and materials firms gain on construction spending, existing home sales

(Newser) - Stocks rallied today on positive economic news, with the S&P 500 surpassing the psychologically significant 900 mark, the Wall Street Journal reports. Surges in construction spending and existing-home sales fueled investor optimism, with financials and materials firms pacing advances. The Dow rose 214.33 to close at 8,426....

Dow Drops 125
With Banks, Materials

MARKETS

Jan 12, 2009 3:27 PM CST

Dow Drops 125 With Banks, Materials

Market awaits Alcoa earnings after close

(Newser) - Stocks posted losses today as financial and basic-materials firms led losses, MarketWatch reports. Alcoa, which reports earnings after the bell, fell 7.32% on expectations the steel giant will report losses of 10 cents a share. The Dow closed down 125.13 at 8,474. The Nasdaq fell 32.80...

Slowdown Puts Mining Outfits
in Deep Hole

Nov 17, 2008 8:43 AM CST

Slowdown Puts Mining Outfits in Deep Hole

China's drop in demand further drives down commodities

(Newser) - Mining companies are shutting down production, laying off workers, and trying to sell excess product as the global economic slowdown drills into the industry’s profits, reports the Wall Street Journal. Metal prices dropped a record 35% last month, and nearly every mineral has been hit. Mining, once an economic...

US Steel Buys Canadian Rival

Aug 28, 2007 6:02 AM CDT

US Steel Buys Canadian Rival

$1.1B deal for Stelco consolidates market, makes Pittsburgh giant fifth largest

(Newser) - US Steel's agreement to buy Canadian competitor Stelco for $1.1 billion, making it the world's fifth-largest steelmaker, is the company's second major acquisition this year, but not necessarily the last, CEO John Surma said yesterday. In the face of breakneck growth by Indian and Russian steel producers, the Pittsburgh...