PR Newswire
PITTSBURGH, May 26, 2016
PITTSBURGH, May 26, 2016 /PRNewswire/ -- Today United
States Steel Corporation (NYSE: X) President and CEO Mario Longhi issued the following statement
in response to the International Trade Commission (ITC) decision to initiate an investigation into the allegations contained in
the company's 337 filing against Chinese steel producers.
Longhi's statement follows:
"United States Steel Corporation is pleased with the International Trade Commission's decision to initiate an investigation
into the allegations contained in our 337 complaint. We are deeply grateful to the thousands of local, state and federal
officials, trade associations, customers and suppliers, employees, and our union brothers and sisters for their strong support
for the case initiation. We strongly believe that Chinese steel producers have engaged in illegal unfair methods of competition,
which have created a force with which no market economy can compete.
"This decision allows for our case to move forward in the ITC 337 process. We eagerly look forward to commencing
discovery and confronting those who have engaged in these illegal acts that have negatively impacted our company. We remain
confident that the evidence will prove the Chinese steel producers engaged in collusion, theft and fraud and we will aggressively
seek to stop those responsible for these illegal trade actions."
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SOURCE United States Steel Corporation