US Steel Starts Strategic Review After Getting Offers (2)

United States Steel Corp. began a formal review of strategic alternatives after receiving “multiple unsolicited” proposals, an indication that a years-long transition may finally be paying off.

Proposals ranged from the acquisition of certain production assets to offers for the whole company, Chief Executive Officer David B. Burritt said Sunday in a statement. US Steel hired Barclays Capital and Goldman Sachs as financial advisers for the review.

The attention comes as US Steel, one of the most iconic American steelmakers, has been undergoing a massive transition in its manufacturing processes. It’s deploying furnaces to remelt scrap into steel, rather ...