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
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Related links:
http://www.ussteel.com
http://www.prnewswire.com/comp/929150.html/
CONTACT:
John Armstrong, +1-412-433-6792, or Erin
DiPietro, +1-412-433-6845, both of United States Steel
Corporation
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