U. S. Steel and JFE Steel Corporation Agree to Exchange Technical Expertise
PITTSBURGH, Jan. 22 /PRNewswire-FirstCall/ -- United States Steel Corporation (NYSE: X) and JFE Steel Corporation (TSE: 54110) announced today that they have entered into a technical exchange agreement under which they will share expertise in the general areas of steelmaking practices, benchmarking and other areas of mutual interest. The exchange of technical know-how is expected to help U. S. Steel and JFE improve productivity, promote efficiency, and bring better steel products to the market at lower costs.
The program, which will be managed by each company's research and technology organizations, will include periodic meetings, cooperative technical exchange programs and plant visits in North America, Europe and Japan.
Commenting upon the agreement, U. S. Steel Executive Vice President and COO John H. Goodish said, "Today's global steel industry faces many challenges including competition from alternate materials, environmental responsibility, and rising energy and raw materials costs. U. S. Steel and JFE are leaders in independent steelmaking research and technology. By sharing our expertise in a variety of steelmaking areas, we will each become more globally competitive and enhance the sustainability of steel -- the raw material of modern society."
SOURCE: United States Steel Corporation
CONTACT: John Armstrong, +1-412-433-6792, or Erin DiPietro,
Web site: http://www.ussteel.com/
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