United States Steel Corporation Declares Dividend of $.05; Announces Capital Budget of $990M

United States Steel Corporation X announced today that the Board of Directors declared a dividend of five cents per share on U. S. Steel Common Stock. The dividend is payable March 10, 2011, to stockholders of record at the close of business February 9, 2011. The Board of Directors also approved the capital expenditure budget for 2011. Capital expenditures for 2011 are expected to total approximately $990 million and will remain largely focused on strategic projects primarily related to coke and coke substitute production, including blast furnace coal injection in Europe, a quench and temper line at our Tubular operations in Lorain, Ohio, implementation of an enterprise resource planning system, and non-discretionary environmental and other infrastructure projects.