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Now it is a major energy company while still the nation's largest steelmaker.
But in the meantime, the nation's steelmakers face a number of problems.
European and Japanese steelmakers also are working on these technologies.
Some other steelmakers have already transferred workers to automobile companies.
At the time, its plants were among the least efficient of those run by the nation's largest steelmakers.
Demand is booming, and American steelmakers have been getting price increases.
The process could drag on for several months, but will be closely watched by other steelmakers.
Import quotas should keep foreign steelmakers at bay, he said.
The steelmaker predicted a profit for the current quarter as well.
His combined holdings make him one of the top 10 steelmakers in Russia.
And that, in turn, has given the American steelmakers a chance to retake at least some of their home ground.
The industry says this would free steelmakers to consolidate and become more efficient.
These factors led Murray to agree to negotiations with the steelmakers.
A big steelmaker belches too much smoke into the air?
The job cuts at the nation's second-largest steelmaker will amount to about 25 percent of the work force.
Taken together, the numbers show just how far American steelmakers have come in changing their old ways, analysts and industry executives say.
Eventually, the big American steelmakers got serious about survival.
The American steelmakers know all too well that playing catch-up is painful.
Automotive steel, the steelmakers argue, is not a mature technology.
Both steelmakers blamed lower steel prices for part of the deterioration.
The current average wage rate at the big steelmaker is about $12.50 an hour.
But the American steelmakers' gains are far from secure.
Eleven American steelmakers were singled out for the punitive duties.
But many persistent opponents of free trade, including steelmakers, have rallied behind it.
Steelmakers are operating near capacity in a struggle to meet domestic orders.
