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U. S. Steel to Close Straightline by Year End


United States Steel Corporation (NYSE: X) announced today that it is closing its technology- enabled steel distribution unit Straightline Source effective December 31, 2003. As a result, U. S. Steel will record a fourth quarter pre-tax charge of approximately $25 million. U. S. Steel intends to fulfill current contractual commitments Straightline has with customers and suppliers.

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SOURCE: United States Steel Corporation

CONTACT: John Armstrong, +1-412-433-6792, or Mike Dixon, +1-412-433-6860,
both of United States Steel Corporation

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