GARY | United States Steel Corp., the company that built the city of Gary and was once the largest corporation in the world, has a new leader.
ArcelorMittal and U.S. Steel have been working on streamlining operations after a prolonged economic slump has kept them from being profitable, and the Pittsburgh-based steelmaker plans to review labor costs at all its facilities.
The steel industry continues to struggle despite rising orders from automakers, who have added third shifts and new employees to keep pace with their turbocharged sales.
"We are competitive."
When U.S. Steel Chairman and CEO John Surma said the nation must invest more in its infrastructure, he was right on target. Spending on infrastructure creates jobs immediately and lays the foundation for future private sector growth.
DENVER | The total compensation package for United States Steel Corp. CEO John P. Surma rose to $8.3 million last year after his stock awards and full salary were reinstated because of the steel manufacturer's improving business conditions.
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