U. S. Steel Canada to Sell Bar, Bloom & Billet Mill to Max Aicher North


<p>HAMILTON, Ontario, <span class="xn-chron">April 28</span> /CNW/ -- U. S. Steel <span class="xn-location">Canada</span> Inc., a wholly owned subsidiary of <span class="xn-location">United States</span> Steel Corporation (NYSE:   X), announced today that it has entered into an agreement to sell the No. 1 Bar Mill and the No. 3 Bloom and Billet Mill located at its Hamilton Works to Max Aicher (<span class="xn-location">North America</span>) Inc., a wholly owned subsidiary of Max Aicher GmbH & Co. KG of <span class="xn-location">Germany</span>.</p>
<p>The transaction is subject to the receipt of certain government approvals and other conditions. Terms of the transaction were not released.</p>
<p>The balance of the operations at U. S. Steel <span class="xn-location">Canada</span> Hamilton Works will not be affected by the sale.  This transaction allows U. S. Steel <span class="xn-location">Canada</span> to put continued emphasis and focus on our core operations, further strengthening our position as a leading producer of value-added flat-roll products at our facilities in Hamilton and Nanticoke.</p>
<p>Consummation of the sale and the anticipated benefits are both forward-looking statements. The sale is subject to regulatory approvals and other customary conditions. 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 <span class="xn-chron">December 31, 2009</span>, and in subsequent filings for U. S. Steel with the <span class="xn-location">United States</span> Securities and Exchange Commission.</p>

    For more information about U. S. Steel Canada, visit www.usscanada.ca.


For further information: For further information: In Canada, Trevor Harris, +1-905-577-4447, or In the U.S., Courtney Boone, +1-412-433-6791, or Erin DiPietro, +1-412-433-6845 Web Site: http://www.usscanada.ca

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