(Bloomberg) -- U.S. Steel Corp., the nation’s third-largest steelmaker, announced it’s in talks to end production at its century-old furnaces in Illinois. Shares fell to their lowest since January.Most Read from BloombergTrump’s Final Scene Didn’t Go According to ScriptDemocrats Weigh Paring Biden Tax Hike to Win Over ManchinVenice Plans to Start Weeding Out Cheap TouristsFauci Suffers Covid Symptom Rebound After Course of Pfizer’s PaxlovidDisquiet Over the Housing Market Is Only GrowingThe more
Yahoo Finance’s Jared Blikre breaks down how markets opened on Tuesday.
PITTSBURGH, June 28, 2022--United States Steel Corporation (NYSE: X) ("U. S. Steel") announced today it would expand its low-cost iron ore competitive advantage and increase its self-sufficiency by supplying domestic feedstock to its growing fleet of electric arc furnaces (EAFs). The Company expects related improvements to its capital and carbon intensity and financial performance from anticipated future internal and external EAF demand.