Steel Products
August 26, 2013
Mario Longhi: Think Big and Accept Change
Written by Sandy Williams
Mario Longhi is faced with the daunting task of rebuilding a US Steel afflicted with financial difficulties and labor problems under former CEO John Surma. US Steel has lost money in five of the past seven quarters, most recently $78 million in the second quarter of 2013. When the mantle is passed on September 1, Longhi says his focus will be on cutting costs that will ensure the long term survival of US Steel.
Under new initiative Project Carnegie, Longhi and U.S. Steel will look for cost cutting measures that will improve business operations and position the company “to deliver best results possible, regardless of market conditions.”
