PITTSBURGH, Dec. 2 /PRNewswire-FirstCall/ -- United States Steel
Corporation (NYSE: X) announced today that as a result of the company's
continuing review and analysis of market conditions and their impact on
customers' orders, it is taking further steps to consolidate operations to
safely and more efficiently meet customer demand including temporarily idling
certain facilities. The facilities to be idled over the next several weeks
are: Keetac, an iron ore mining and pelletizing facility in Keewatin, Minn.;
Great Lakes Works near Detroit, Mich.; and Granite City Works near St. Louis,
Mo. Approximately 3,500 employees will be affected. The unions representing
workers at these facilities have been notified of the temporary idling and
Worker Adjustment and Retraining Notification Act (WARN) notices will be
filed.
U. S. Steel plans to temporarily concentrate production at Mon Valley
Works near Pittsburgh, Pa.; Gary Works in Gary, Ind.; Fairfield Works near
Birmingham, Ala.; and Lake Erie Works in Nanticoke, Ontario.
"We believe that our difficult decision to temporarily consolidate our
production is a necessary response to current market conditions," said U. S.
Steel Chairman and CEO John Surma.
This release contains forward-looking statements with respect to market
conditions and proposed operating practices. U. S. Steel has been, and we
expect will continue to be, negatively impacted by the current global credit
and economic problems. In accordance with "safe harbor" provisions of the
Private Securities Litigation Reform Act of 1995, cautionary statements
identifying important factors, but not necessarily all factors, that could
cause actual results to differ materially from those set forth in the
forward-looking statements have been included in the Form 10-K of U. S. Steel
for the year ended December 31, 2007, and in subsequent filings for U. S.
Steel.
For more information about U. S. Steel, visit www.ussteel.com.
SOURCE U. S. Steel