Steel Summit to Host U.S. Steel's Burritt

“Best of Both” is the latest catchphrase at U.S. Steel, but it isn’t just words. It is a serious endeavor to prepare for the changing landscape of the U.S. steel industry, said the steelmaker. Acquisition of the remaining 50.1 percent of Big River Steel, sometime in the next three years, is the company’s highest priority, said President and CEO Dave Burritt, who will be a speaker during Steel Market Update’s upcoming virtual steel summit.

“Today’s uncertain market confirms our need to change and our ‘best of both’ strategy is our path to creating a stronger and more profitable U.S. Steel in any market environment,” said Burritt. “We believe that our ”best of both” strategy will ultimately create a powerful combination of highly capable, low cost differentiated steel solutions, that frankly we’re excited about.”