Steel Mills
November 5, 2015
US Steel Claims Carnegie Way Initiatives are Working
Written by Sandy Williams
US Steel continues to utilize its Carnegie Way initiative to find cost savings throughout the company to offset the challenges of unfairly traded imports, lower order rates, and falling steel prices. In third quarter 750 projects were completed, raising the total number of projects contributing savings benefits to the company this year to almost 2000.
US Steel says “cash is our life blood” and has supported that with $1.2 billion of cash on the balance sheet and $2.9 million of untapped liquidity. The company plans to continue to make investments that complement US Steel’s long-term strategy.
