U. S. Steel Reaches Tentative Agreement with United Steelworkers on New Labor Contract for U.S. Flat-Rolled, Iron Ore Mining and Select Tubular Operations

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U. S. Steel Reaches Tentative Agreement with United Steelworkers on New Labor Contract for U.S. Flat-Rolled, Iron Ore Mining and Select Tubular Operations

    PITTSBURGH, Aug. 12 /PRNewswire-FirstCall/ -- United States Steel
Corporation (NYSE: X) today announced a tentative agreement with the United
Steelworkers (USW) on a new four-year labor contract that will cover
approximately 16,000 USW-represented employees at U. S. Steel's domestic
flat- rolled and iron ore mining facilities as well as tubular operations
in Lorain, Ohio, and Fairfield, Ala. The tentative agreement will replace
the contract expiring Sept. 1, 2008, and remains subject to ratification by
the United Steelworkers.

    Commenting on the announcement, U. S. Steel Chairman and Chief
Executive Officer John P. Surma said, "We are pleased to have reached a
tentative agreement with the United Steelworkers on a competitive four-year
contract well in advance of the expiration of our current contract. We
value our ongoing relationship with the USW and appreciate the
contributions that our employees make to the success of our business. We
believe that this agreement is in the best interests of our company and all
of our stakeholders."

    Details about the tentative agreement will be made available after the
ratification process is complete.

    This release contains forward-looking statements with regard to a new
labor agreement. The new labor agreement is subject to ratification by USW
members. Future profitability and competitiveness are subject to numerous
factors, many of which are beyond the control of U. S. Steel. In accordance
with "safe harbor" provisions of the Private Securities Litigation Reform
Act of 1995, cautionary statements identifying important factors, but not
necessarily all factors, that could cause actual results to differ
materially from those set forth in the forward-looking statements have been
included in the Form 10-K of U. S. Steel for the year ended December 31,
2007, and in subsequent filings for U. S. Steel.

    For more information about U. S. Steel, visit http://www.ussteel.com.

SOURCE United States Steel Corporation

http://www.ussteel.com

http://www.prnewswire.com/comp/929150.html /
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