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June 2, 2014
10:32 EDTXU.S. Steel to idle two tubular facilities, says dumping a factor
United States Steel announced it will indefinitely idle two tubular manufacturing facilities in McKeesport, Pa., and Bellville, Texas, in early August, impacting approximately 260 employees as a result of business conditions which are influenced by unfairly traded tubular products imported into the United States. The indefinite idling of these loss-making operations will reduce the number of U. S. Steel's tubular facilities from 10 to eight, but will enable the company to operate more profitably as it repositions to meet future customer demand, the company said. Approximately 45 professional and management employees and 215 represented employees were advised of the upcoming idling and resulting job reductions and are being issued notices under the Worker Adjustment and Retraining Notification Act. U. S. Steel President and CEO Mario Longhi stated, "We will continue to fight unfair trade by foreign competitors who are creating a detrimental impact and threat to middle-class paying manufacturing jobs." U. S. Steel, along with other domestic producers, has filed an anti-dumping action with the U.S. Department of Commerce to halt the unfair trading and dumping of foreign Oil Country Tubular Goods into the American market, it noted.
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June 25, 2015
10:42 EDTXU.S. Steel June weekly calls active
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June 22, 2015
12:33 EDTXSteel stocks lag market after AK Steel sees Q2 results hindered by imports
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June 17, 2015
19:55 EDTXU.S. Steel CEO: 'everything on the table' in trying to save company, WSJ says
U.S. Steel CEO Mario Longhi stated that "everything is on the table," including layoffs and changes to its manufacturing process, in trying to save the company, reports the Wall Street Journal. Reference Link

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