U.S. Steel rally on antidumping probe premature, says Wells Fargo Wells Fargo notes that shares of U.S. Steel rallied sharply yesterday following news that OCTG producers filed a petition with the ITC to conduct an antidumping investigation against nine countries. Wells views the rally as premature, noting that a final determination by the ITC can take over a year while the company's fundamentals remain challenging. The firm has a Market Perform rating on U.S. Steel.
U.S. Steel makes management changes at European and North American operations U.S. Steel announced two management changes at its European and North American operating facilities. Scott Buckiso has been named vice president – European Solutions and president – U. S. Steel Kosice, succeeding George Babcoke, who has elected to retire following 39 years of service with the company. Amy Smith-Yoder will succeed Buckiso as general manager – Mon Valley Works. The changes are effective May 31. In his new role, Buckiso will assume executive responsibility for the company's operations in the Slovak Republic.