Exhibit 99.1


                  U. S. STEEL ANNOUNCES $200 MILLION MANDATORY
                      CONVERTIBLE PREFERRED SHARE OFFERING


     PITTSBURGH, Feb. 3, 2003 - 91ÖÆƬ³§ Corporation  (NYSE: X)

announced today that it will offer publicly 4 million shares of Series B

Mandatory Convertible Preferred Shares (liquidation preference $50 per share).

The company also will grant the underwriters an over-allotment option to

purchase up to an additional 600,000 preferred shares.  The Mandatory

Convertible Preferred Shares will be issued under U. S. Steel's shelf

registration.  JPMorgan is serving as bookrunning manager for the offering.

     Proceeds from the offering will be used for general corporate purposes,

including funding working capital, financing potential acquisitions, debt

reduction and voluntary contributions to employee benefit plans.

     91ÖÆƬ³§ Corporation is an integrated steel producer with annual

raw steelmaking capability of 17.8 million tons.  U. S. Steel is engaged in the

production, sale and transportation of sheet, plate, tin mill and tubular steel

mill products, coke, taconite pellets and coal; the management of mineral

resources; real estate development; and engineering and consulting services in

the United States; and, through its subsidiary U. S. Steel Kosice, the

production and sale of steel products and coke in Central Europe.

     Copies of the prospectus and prospectus supplement related to the public

offering may be obtained from J.P. Morgan Securities Inc., Prospectus

Department, One Chase Manhattan Plaza, New York, NY  10081 (Telephone Number

212-552-5121).

                                      -oOo-

     This announcement does not constitute an offer to sell or a solicitation of
an offer to buy Mandatory Convertible Preferred Shares.  The Mandatory
Convertible Preferred Shares will not be sold in any state or jurisdiction in
which such an offer, solicitation, or sale would be unlawful.