United States Steel Announces Third-Party Iron Ore Pellet Sales Agreements
PITTSBURGH, Dec. 29, 2016 /PRNewswire/ -- United States Steel Corporation (NYSE: X) announced today it has reached agreements to supply iron ore pellets to third-party customers.
U. S. Steel will adjust its iron ore pellet production in order to take full advantage of these business opportunities. Included in the adjustments is a restart of the Keetac Plant in Keewatin, Minn. Employee callbacks at Keetac will begin in early January 2017, and the company anticipates production will begin in March 2017.
The Keetac Plant, which has an annual production capacity of approximately six million net tons, has been temporarily idled since May 2015 due to global influences in the market, including high levels of imported steel products, unfair trade and reduced steel prices.
United States Steel Corporation, headquartered in Pittsburgh, Pa., is a leading integrated steel producer and Fortune 250 company with major operations in the United States and Central Europe. For more information about U. S. Steel, please visit www.ussteel.com.
SOURCE United States Steel Corporation
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