U. S. Steel President and CEO Applauds International Trade Commission 337 Decision

PITTSBURGH, May 26, 2016 /PRNewswire/ -- Today United States Steel Corporation (NYSE: X) President and CEO Mario Longhi issued the following statement in response to the International Trade Commission (ITC) decision to initiate an investigation into the allegations contained in the company's 337 filing against Chinese steel producers. 

Longhi's statement follows:

"United States Steel Corporation is pleased with the International Trade Commission's decision to initiate an investigation into the allegations contained in our 337 complaint. We are deeply grateful to the thousands of local, state and federal officials, trade associations, customers and suppliers, employees, and our union brothers and sisters for their strong support for the case initiation. We strongly believe that Chinese steel producers have engaged in illegal unfair methods of competition, which have created a force with which no market economy can compete. 

"This decision allows for our case to move forward in the ITC 337 process.  We eagerly look forward to commencing discovery and confronting those who have engaged in these illegal acts that have negatively impacted our company. We remain confident that the evidence will prove the Chinese steel producers engaged in collusion, theft and fraud and we will aggressively seek to stop those responsible for these illegal trade actions."

SOURCE United States Steel Corporation