Latest United States Steel Corp News

FILE - In this June 12, 1979 file photo, Mayor Richard Hatcher of Gary, Ind., center, reads a telegram to the United States Senate that he and seven other mayors sent regarding a proposal to lift sanctions against Zimbabwe-Rhodesia, in Pittsburgh, Penn., during the U.S. Conference of Mayors. Coleman Young of Detroit, left, and Maynard Jackson of Atlanta also spoke. On Friday, Dec. 13, 2019, Hatcher, who became one of the first black mayors of a big U.S. city when he was elected in 1967, died. He was 86. (AP Photo)

Former Gary, Indiana, Mayor Richard Hatcher dead at 86

Dec. 14, 2019 4:42 PM EST

Former Gary Mayor Richard Hatcher, who became one of the first black mayors of a big U.S. city when he was elected in 1967, has died. He was 86. Hatcher died Friday night at a Chicago hospital, said his daughter, Indiana state Rep. Ragen Hatcher, a Gary Democrat. She did not provide a cause of her father's death....

Indiana board backs electricity cost shift from industries

Dec. 7, 2019 9:45 AM EST

MERRILLVILLE, Ind. (AP) — Consumer and environmental groups are arguing that Indiana utility regulators are unfairly shifting electricity costs from some large industrial customers to homeowners and small businesses. Their objections come after the Indiana Utility Regulatory Commission approved a proposal...

FILE - This Jan. 26, 2009, file photo shows an AK Steel Holding Corp. plant in Middletown, Ohio. Cleveland-Cliffs is buying AK Steel in a stock deal valued at about $1.1 billion. (AP Photo/Al Behrman, File)

Cleveland-Cliffs buying AK Steel in $1.1B stock deal

Dec. 3, 2019 12:12 PM EST

CLEVELAND (AP) — Cleveland-Cliffs will buy AK Steel in a stock deal valued at about $1.1 billion. The companies say the tie-up will create a vertically integrated company that pairs Cleveland-Cliff’s iron ore pellet production with AK Steel’s rolled and stainless steel operations....

FILE - In this Nov. 14, 2019, file photo specialist James Denaro, right, works with traders at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Monday, Dec. 2. (AP Photo/Richard Drew, File)

Asian shares slip after US stock tumble amid trade tensions

Dec. 2, 2019 11:03 PM EST

TOKYO (AP) — Asian shares slipped Tuesday, following a drop on Wall Street amid pessimism over U.S.-China trade tensions. Japan’s benchmark Nikkei 225 lost 0.7% to 23,379.05. Australia’s S&P/ASX 200 slid 2.0% to 6,725.30. South Korea’s Kospi declined nearly 0.5% to 2,082.45. Hong...

US Steel, Marathon rise; Ollie’s, Hovnanian fall

Dec. 2, 2019 4:35 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Monday: United States Steel Corp., up 55 cents to $13.67 President Donald Trump said the U.S. would impose tariffs on steel and aluminum imports from Argentina and Brazil. Ollie’s Bargain Outlet Holdings Inc., down $6.40 to $59 The...

Brazil's President Jair Bolsonaro flashes a thumbs up as he greets supporters after attending a Changing of the Guard at the Planalto Presidential Palace, in Brasilia, Brazil, Thursday, Nov. 28, 2019. (AP Photo/Eraldo Peres)

Brazil’s Bolsonaro under fire after Trump slaps tariffs

Dec. 2, 2019 4:27 PM EST

SAO PAULO (AP) — Brazilian President Jair Bolsonaro’s U.S.-focused foreign policy efforts suffered a severe setback on Monday when his American counterpart Donald Trump pledged to impose tariffs on steel and aluminum on the South American nation. Trump initially leveled the threat by Twitter while...

Blast furnaces to restart after flooding at Gary steel mill

Nov. 30, 2019 12:24 PM EST

GARY, Ind. (AP) — Blast furnace operations are expected to be restored at U.S. Steel’s Gary Works mill several days after flooding at the facility. The (Northwest Indiana) Times reports that the company hopes to bring its steel-making operations back online in the coming days. U.S. Steel spokeswoman...

A currency trader watches computer monitors at the foreign exchange dealing room in Seoul, South Korea, Friday, Nov. 29, 2019. Shares extended losses in Asia on Friday after Japan and South Korea reported weak manufacturing data that suggest a worsening toll from trade tensions. (AP Photo/Lee Jin-man)

US stocks close out half-day session with broad losses

Nov. 29, 2019 3:20 PM EST

Stocks fell broadly on Wall Street Friday following a shortened trading session a day after the Thanksgiving holiday that left the market slightly below its record highs. Technology, health care and industrial stocks accounted for a big slice of the selling. Several big retailers also dragged the market lower as...