United States Steel News

Thursday, June 25, 2009 Ind. Decisions - "Supreme Court rules against NIPSCO: U.S. Steel disputed the way the utility calculated electric rates" The Supreme Court's decision Tuesday in the case of Northern Indiana Public Service Co.

Global steel producers are cautiously increasing production -- albeit from extremely low levels -- as signs emerge of modestly improving demand and recovering investor confidence, industry leaders said Tuesday.

Shares of steel manufacturers fell sharply yesterday as the World Bank cut its 2009 global growth forecast, saying the world economy will shrink by 2.9 percent.

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Representative Jerry Costello a member of the Caucus, invited Dan Simmons, President, Local Union 1899, United Steel Workers to attend and give testimony "about the impact of the 6 month long shut down of the Granite City Works of United States Steel Corporation on the lives of steelworker members, their families, and our community". At a press ...

A union representative says United States Steel Corp. plans to recall about 800 laid-off workers at a plant in Canada.

The global economic downturn and the reduction in demand for steel has caused United States Steel Corp.

United States Steel Corp. will take the first steps next week to restarting its Granite City Works, local union officials said late Friday, but it's unclear just when the idled steel mill will be back to full production.

Shares of United States Steel Corp. and other steel makers rose in premarket trading Wednesday as an analyst increased his investment rating on two steel stocks and said demand is rising for flat-rolled steel in U.S. markets.

The major indices closed mixed Tuesday, with the Dow falling 0.02%, the S&P rising 0.35% and the Nasdaq gaining 0.96%. Here are Tuesdaya s winner and losers: Winners General Motors Corp.

United States Steel Corporation The steel producer's shares have declined more than 5.5% to $34.20. Options activity of interest on the stock involves the short sale of 15,000 puts at the October 27.5 strike price for a rich premium of 2.97 per contract.

What's more, roughly 76% of this volume crossed on the call side. In the back-month series, the July 40 call added more than 12,000 new positions, bringing its total open interest up to 38,789 contracts.

Wisemann-Stanley Investment Research's PriceWatch Alerts are available at http://www.iotogo.com/w/060209D Today's PriceWatch Alerts cover the following stocks: United States Steel Corp.

Investors are taking a more bullish stance on United States Steel . Looking at the July 33 calls, around 7,300 contracts traded yesterday for around $2.40 with stock at $30.52 vs.

Canadian National Railway vowed to cut the number of long delays at road crossings caused by train operations over its newly acquired Chicago-area short line, and did just that.

United States Steel Corporation announced today that Thomas Kelly has been named managing director-transportation and president of Transtar, Inc., the company's transportation subsidiary.

The small group of workers at Granite City Works soon will become even smaller, and there's no indication the idled steel mill will reopen soon, local union officials said Friday.

Canada is threatening legal action to force United States Steel Corp. X-N to resume production at two Ontario mills it acquired in its takeover of Stelco Inc., becoming the latest Group of Seven government to put economic reality ahead of summit rhetoric extolling free trade and investment.

The "unprecedented" current economic downturn shows few signs of abating, U.S. Steel Corp.