United States Steel Corporation announced three key strategic actions that support its transformation

1. The decision by U.S Steel to not proceed with an expansion at its iron ore pellet operations at Keewatin in Minnisota

2. The decision by US Steel to forgo further development and construction of the carbon alloy facilities at Gary Works at Gary in Indiana

3. The unanimous decision by the board of directors of its Canadian subsidiary US Steel Canada Inc to apply for relief from its creditors pursuant to Canada's Companies' Creditors Arrangement Act

Keetac expansion

US Steel has decided not to pursue an expansion of its iron ore pellet operations at Keetac in Keewatin, Minn. The expansion would have increased the facility's production by 3.6 million tons annually to a total of 9.6 million tons, and included upgrading and restarting an idled pelletizing line, as well as upgrading the mining, concentrating and agglomerating processes at Keetac. The permits required for this expansion expire this month and will not be renewed.

Gary Works Carbon Alloy Module Construction

U.S Steel has also decided not to proceed with additional investments into the carbon alloy facilities at Gary Works. This project, which began in 2011, contemplated the construction of two modules to provide a carbon alloy material used to replace traditionally manufactured coke, to the Gary Works blast furnaces. One module, C module, has been built and will be permanently idled while a second, D module, will not be constructed.

3. US Steel Canada Companies' Creditors Arrangement Act (CCAA) filing

US Steel Canada has recorded a loss from operations in each of the last five years, with an aggregate operating loss of approximately $2.4 billion, or in excess of $16.00 per diluted share, since December 2009. Additionally, U. S. Steel Canada represents approximately $1 billion of U. S. Steel's consolidated Employee Benefits liability as of June 30, 2014.