United States Steel Corporation is planning a series of "aggressive" actions in response to impacts from the coronavirus (COVID-19) and the sudden, significant changes in global oil and gas markets.
The actions are said to "strengthen the company’s ability to serve customers, partner with suppliers, create long-term value for investors and ensure a more secure future for employees and the communities where we work and live." Prioritizing cash and liquidity, the company will maintain strategic flexibility in order to be well prepared for when the global economy ultimately recovers from the current situation.