U.S. Steel can cut at least $1B in cost savings, says Goldman Goldman's analysis suggests U.S. Steel can cut costs by more than $1B over the next few years. The analyst expects management to be aggressive in its actions to make earnings sustainable through the cycle, driving shares significantly higher. The firm rates shares a Buy with a $36 price target.
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.