United States Steel Corp. announced its intention to offer, subject to market and other conditions, $500 million aggregate principal amount of senior unsecured notes due 2020. The offering will be made pursuant to the Company's shelf registration statement filed with the Securities and Exchange Commission. The company intends to use the net proceeds from the offering for general corporate purposes. BofA Merrill Lynch, Barclays Capital, Goldman, Sachs & Co., J.P. Morgan and Morgan Stanley are the joint book-runners for this offering.

United States Steel Corp. announced that director Robert J. Darnall is retiring at the end of the month and the board is asking shareholders to replace him with Dan O. Dinges, chairman, president and CEO of Cabot Oil & Gas Corp. Darnall is retiring due to an age limit of 72 that is part of the board bylaws. Dinges, 56, also serves on the boards of Spitzer Industries Inc., the American Natural Gas Alliance, the American Exploration & Production Council and the Foundation for Energy Education.

In a regulatory filing, United States Steel Corp. stated that it expected to report an overall operating loss in the first quarter. In a report filed with the Securities and Exchange Commission on February 24, the company stated: "We continue to believe that the U.S. and global economies are in the early stages of a gradual recovery. While we are becoming more optimistic, primarily due to improvements we are starting to see in the manufacturing sector, we remain cautious in our outlook for end user demand." The company also said it would assess 100% acquisition opportunities, joint ventures and other arrangements in North America and internationally. Capital expenditures for the company in 2010 are expected to total about $530 million. Shares of the company traded at $56.61, up 31 cents.