Latest United States Steel Corp News

US Steel expects to lay off 2,700 as virus reduces demand

May. 1, 2020 11:54 AM EDT

PITTSBURGH (AP) — U.S. Steel expects to lay off roughly 2,700 employees as the demand for iron and steel drops during the coronavirus pandemic, the company said. The Pittsburgh-based steelmaker, one of the nation's largest, announced its plans in a filing Thursday, the same day it reported a first-quarter...