U. S. Steel Signs Stadium Naming Rights Agreement With City of Gary and Gary Southshore RailCats
A 10-Year United States Steel Foundation Grant Agreement Also Funds The Gary Baseball Foundation
United States Steel Corporation (NYSE: X) today announced that it has signed a 10-year Baseball Stadium Naming Rights Agreement with the City of Gary and the Gary Southshore RailCats. The City of Gary's minor league professional baseball stadium will be known as the "The Steel Yard."
In addition, the United States Steel Foundation has signed a Grant Agreement to provide $875,000 over 10 years to establish and fund the newly created Gary Baseball Foundation, which will support youth baseball in the City of Gary. The Gary Baseball Foundation, a joint effort of U. S. Steel, the RailCats and the City of Gary, will provide funding assistance directed at promoting youth baseball and softball, sportsmanship, citizenship and responsibility.
"U. S. Steel is delighted to be part of this creative new alliance with the City of Gary and the RailCats," said George Babcoke, general manager-Gary Works, at a naming ceremony today. "U. S. Steel has supported the community for our nearly 100-year history together, and we hope the new name for this field, The Steel Yard, will long stand as a symbol of our commitment to the future of Northwest Indiana and the City of Gary."
"We have entered a new era in steelmaking, and U. S. Steel's presence in the community is growing. Just as we are investing in the future of steelmaking, we believe it is important to invest in the future of our youth. Through the Gary Baseball Foundation, the young people of Gary will be given new opportunities not just to play baseball, but to learn important life lessons about citizenship, sportsmanship and teamwork."
United States Steel Corporation, headquartered in Pittsburgh, Pa., manufactures and sells a wide variety of steel sheet, plate, tubular and tin products, coke and taconite pellets. U. S. Steel's domestic primary steel operations are: Gary Works in Gary, Ind.; Fairfield Works near Birmingham, Ala.; Mon Valley Works, which includes the Edgar Thomson and Irvin plants, near Pittsburgh, and a galvanizing line at Fairless Works near Philadelphia, Pa.; and East Chicago Tin in East Chicago, Ind.
U. S. Steel produces coke at Clairton Works near Pittsburgh, and at Gary Works. On Northern Minnesota's Mesabi Iron Range, U. S. Steel's iron ore mining and taconite pellet operation, Minntac, supports the steelmaking effort.
U. S. Steel is also in the process of purchasing most of the steelmaking assets of National Steel Corporation, securing its position as the largest integrated steelmaker in North America. National Steel facilities included in the purchase are: Great Lakes Steel in Ecorse and River Rouge, Mich.; the Granite City Division in Granite City, Ill.; the Midwest finishing facility in Portage, Ind.; ProCoil Corporation in Canton, Mich.; National Steel Pellet Company's iron ore pellet operations in Keewatin, Minn.; and various other subsidiaries and joint-venture interests.
For more information about U. S. Steel visit our web site at www.ussteel.com.
SOURCE: United States Steel Corporation
CONTACT: John Armstrong or Mike Dixon, both of United States Steel,
Web site: http://www.ussteel.com/
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