Investing in a partnership that owned an iconic building in Pittsburgh - The U.S Steel Tower - has turned into a tax nightmare for out of state investors.
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The package would make Correnti the second-most-highly-paid steel executive, behind Thomas Usher of USX-U.S. Steel Group, a company with nine times Birmingham's revenues.
That 2% net margin is half that of larger rivals such as USX- U.S. Steel, Bethlehem and Inland.
Canadian officials, for example, said the exclusion of non-U.S. steel would violate the North American Free Trade Agreement, which lowered trade barriers among the U.S., Canada and Mexico.
Jackson, for example, serves on the committees of Sealed Air (nyse: SEE - news - people ), U.S. Steel and Marathon Oil (nyse: MRO - news - people ), where she is chair.
Perhaps Ross' most famous move was orchestrating the ascension of his International Steel Group (nyse: ISG - news - people ), which became one of the largest U.S. steel producers by acquiring money-losing mills out of bankruptcy and making them more efficient.
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The event at the Westin Convention Center will be co-hosted by U.S. Steel Chairman and CEO Thomas Usher.
Up six out of the past seven trading days, shares of Nucor are nearly as overbought in the short-term as U.S. Steel.
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At 21 million tons last year, Nucor has grown while the rest of the U.S. steel industry contracted--acquiring 27 businesses and doubling its mills to 20.
They aim to transform the industry by reviving a business model--a steel mill that distributes its products--that failed in the U.S. two decades ago but still works overseas.
I'm the director of Cato's Herbert A. Stiefel Center for Trade Policy Studies, focusing on WTO disputes, regional trade agreements, U.S.-China trade issues, steel and textile trade policies, and antidumping reform.
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In the 1990s, when the "old-technology" steel industry in the U.S. was failing, Bain Capital helped build a new steel company, Steel Dynamics, which has grown into one of the largest steel producers in America today, holding its own against Chinese producers.
Morgan bought out Carnegie to form U.S. Steel (nyse: X - news - people ).
Nucor ( NUE) is the largest U.S. operator of mini-mills, smaller steel facilities that use scrap as their raw material.
Partial rebates or carve-outs can be provided to energy-intensive U.S. businesses like petrochemicals, steel and aluminum to ensure they are not penalized on export markets or from foreign imports.
Jim worked there, too, as a service rep, before becoming a vice president for U.S. Steel (nyse: X - news - people ), restructuring a plant in Slovakia.
Antidumping duties on magnesium, polyvinyl chloride, and hot-rolled steel, for example, enable petitioning U.S. companies that often dominate domestic supply of raw materials to foreclose alternative sources and then thrust higher prices on their U.S. customers.
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General Motors, along with U.S. Steel and Royal Dutch Petroleum, were steady-paying blue chips.
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Companies making heavy stuff like steel in huge, labor-intensive factories dominated U.S. industry.
Furthermore, the largest U.S. steel producer, Mittal, is a majority Indian-owned company with corporate headquarters in Luxembourg.
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More ominously, Grove said, the software and services industries -- strong drivers of U.S. economic growth for nearly two decades -- show signs of emulating the struggles of the U.S. steel and semiconductor industries.
So Wachovia is largely a domestic U.S. bank--a bad business these days and one that Steel knows only via his two-year tenure at the Treasury.
U.S. Steel has a competitive advantage over other steel manufacturers in the U.S. due to its long-standing relationship with the biggest players in the automobile industry.
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Ross made International Steel Group into one of the largest U.S. steel producers by acquiring embattled mills out of bankruptcy and whipping them into efficient money-making machines.
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