U. S. Steel and JFE Steel Corp. Agree to Share Technology

United States Steel Corp. and JFE Steel Corp. announced that they have entered into a technical exchange agreement under which they will share expertise in the general areas of steelmaking practices, benchmarking and other areas of mutual interest. The exchange of technical know-how is expected to help U. S. Steel and JFE improve productivity, promote efficiency and bring better steel products to the market at lower costs, according to the companies.

The program, which will be managed by each company's research and technology organizations,will include periodic meetings, cooperative technical exchange programs and plant visits inNorth America, Europe and Japan.

"Today's global steel industry faces many challenges including competition from alternate materials, environmental responsibility and rising energy and raw materials costs. By sharing our expertise in a variety of steelmaking areas, we will each become more globally competitive and enhance the sustainability of steel -- the raw material of modern society,” says U. S. Steel Executive Vice President and COO John H. Goodish.