Yesterday U.S. Steel Corporation (NYSE:X) announced that general counsel and senior vice president of governmental affairs Suzanne Rich Folsom was named the Leader of the Year at the 2014 Women in Compliance Awards in London. She was honored for her work in corporate governance and compliance. She has a proven history of transforming companies legal and compliance programs into gold standards. The award was judged by panel from the United Kingdom, the European Union, United States and the global compliance and regulatory sector. Some of the nominees in this category were from Google, AECOM and Novo Nordisk.
As a producer of integrated steel, U.S. Steel Corporation (USX) is headquartered in Pittsburgh and has operations in Canada, Europe and the U.S. The Mario Longhi, president and CEO, is testifying in the House Steel Caucus Hearing in Washington D.C. today. He and fellow testifiers will speak on the state of the steel industry and trade, tax, energy, environment and infrastructure policy impact on the steel business.
The challenges facing the steel industry are reorganization and harsh impact of financial movement. These companies are not going anywhere but are not on the edge of fallout. They seem to gain money on the options market with short term gains than on long term investments. These companies have operated at a loss last year, and ArcelorMittal seems to be the market leader in this sector as it has diversified business segments.
USX is ranked fourth within their related companies in the basic materials sector of the NYSE. The top five companies in order are Posco (ADR), Worthington Industries, Ternium S.A., USX and Cliffs Natural Resources Inc. The basic materials sector are companies involved in locating, developing and process raw materials. USX is an integrated steel producer supplying to the automotive, appliance, container, industrial machinery, construction and oil/gas industries.