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US Steel says it has reduced debt by about $2.7 billion in the year so far

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US Steel says it has reduced debt by about $2.7 billion in the year so far
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United States Steel Corp. said late Thursday it has reduced its debt by abut $2.7 billion year to date, excluding debt taken on for its acquisition of Big River Steel which closed in January. The company paid about $774 million using cash on hand tp acquire the remaining equity in Big River Steel. U.S. Steel redeemed $718 million of its outstanding 6.875% notes due 2025 in August. In July, it announced a target of up to $1 billion of additional deleveraging by mid-2022, which it will achieve by