WASHINGTON (dpa-AFX) - United States Steel Corp. (X) said Monday that its reporting segments - North American Flat-Rolled, Tubular and U. S. Steel Europe - will be realigned, By January 1, 2015.
The North American Flat-Rolled realignment will include the creation of enterprise-wide commercial entities to specifically address the following markets: automotive, consumer, industrial, service centers and mining. Each entity will be led by a business expert with vast knowledge of customers' current and future needs.
Automotive Solutions will be based at the company's Automotive Center in Troy, Mich., where the company works jointly with customers to develop solutions utilizing the next generation of advanced high-strength steels (AHSS) to address challenges facing the industry, including increased fuel economy standards and enhanced safety requirements.
Consumer Solutions will closely align with customers in the appliance, packaging, container and construction markets.
Industrial Solutions will focus on the company's customers in the pipe and tube manufacturing market, as well as the agricultural and industrial equipment markets.
Service Center Solutions will align closely with service center and distributor customers.
Mining Solutions will include all operations relating to the company's Minnesota Ore Operations facilities - Minntac in Mt. Iron and Keetac in Keewatin - as well as the company's iron ore equity joint ventures.
In addition to the new commercial entities, the company also announced an increased focus on Flat-Rolled manufacturing operations.
U. S. Steel Tubular Products' commercial and manufacturing operations, now Energy Solutions, will also be aligned to include customer solutions for the oil and gas industry, focusing on the go-to-market tubular goods business strategy, from mill to rig.
U. S. Steel Europe will become U. S. Steel European Solutions and is already aligning through The Carnegie Way transformation to accelerate focus on their customers.
The company stated that the new management structures and commercial entities do not affect reporting segments as they currently exist. The company will continue to have three reportable operating segments: North American Flat-Rolled Products, Tubular Products and U. S. Steel Europe.
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