Tag: US Steel

U.S. Steel Announces Record Profit-Sharing as Earnings Hit Record High

U.S. Steel employees are all set to receive a record amount in profit-sharing as the company registered a strong second-quarter performance. According to the company’s contract with the United Steelworkers union, steelworkers will receive $30.72 per qualifying hour in profit-sharing bonuses. For the three-month period ended June 30, this will translate to bonus checks exceeding…


US Steel Announces Record Profit-Sharing as Earnings Hit Record High

U.S. Steel employees are all set to receive a record amount in profit-sharing as the company registered a strong second-quarter performance. According to the company’s contract with the United Steelworkers union, steelworkers will receive $30.72 per qualifying hour in profit-sharing bonuses. For the three-month period ended June 30, this will translate to bonus checks exceeding…


US Steel to Pay Record Profit-Sharing Bonuses on Record Earnings

U.S. Steel employees will receive a record second-quarter amount in profit-sharing as the company reported a strong performance for the period. According to the company’s contract with the United Steelworkers union, steelworkers will receive $30.72 per qualifying hour in profit-sharing bonuses. That translates to bonus checks exceeding $14,000 for the three-month period ended June 30,…


US Steel to Make $150 Million Investment in Iron Range Operations

By Mike Hughlett From Star Tribune U.S. Steel plans to invest $150 million in a new Iron Range facility that would make taconite pellets tailored for electric arc steel mills. The Pittsburgh-based company said Tuesday it plans to break ground this fall on the facility, which will be located at one of its two taconite…