Advertisement

USX is still weighing various restructuring moves.

Chairman David M. Roderick said the firm should be ready to announce some parts of the program by the end of January and reiterated that the giant steel and energy concern would not be rushed into making a decision despite criticism from some quarters that New York-based USX is “dragging its feet.” USX has not indicated what steps it might pursue, but speculation is widespread that it might include the spinoff of energy assets, a stock buyback or the sale of its ailing U.S. Steel unit, the nation’s largest steelmaker.

Advertisement