Longhi seeks to improve U.S. Steel profits

Aug 19, 2013 | 05:16 PM | Catherine Ngai

Tags  U.S. Steel, Gerdau, Alcoa, Mario Longhi, John P. Surma, Thomas C. Graham, Charles Bradford, flat-rolled Catherine Ngai

NEW YORK — U.S. Steel Corp.’s incoming chief executive officer Mario Longhi will be looking to improve profits at the Pittsburgh-based steelmaker, the company said Aug. 19.

“He seeks to return our company to sustainable profitability and to improve shareholder value creation through a renewed focus on operational excellence, product innovation to support our customer needs, and a high performing organization with the capability to deliver on our expectations,” a spokeswoman told AMM in an email Aug. 19.
Last week, U.S. Steel announced that Longhi will succeed John P. Surma effective Sept. 1. Surma will retain the position of executive chairman through Dec. 31, when he will retire from the company and its board of directors (amm.com, Aug. 16). ....

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