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USX ISSUES STATEMENT

 PITTSBURGH, July 9 /PRNewswire/ -- USX Corporation announced that it filed with the Securities and Exchange Commission today an amendment to its registration statement relating to the proposed offering of 9 million shares of USX-U.S. Steel Group common stock (NYSE: X).
 In the amendment, USX Corporation said that it expects improved second quarter 1993 operating income for its U.S. Steel Group, excluding a charge for an adverse decision in the Lower Lake Erie Iron Ore Antitrust Litigation involving the Bessemer & Lake Erie Railroad, a former USX subsidiary. Excluding this charge, operating income is expected to be in the range of $50 million to $60 million. This compares with restated second quarter 1992 operating income of $34 million.
 U.S. Steel Group reported restated net income of $2 million, or $.03 per share in the second quarter of 1992. The 1992 results were restated to reflect the adoption of Statements of Financial Accounting Standard 106 and 109.
 -0- 7/9/93
 /Contact: William E. Keslar of USX Corporation, 412-433-6870/
 (X)


CO: USX Corporation; USX-U.S. Steel Group ST: Pennsylvania IN: MNG SU:

KC -- PG013 -- 0070 07/09/93 17:06 EDT
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Publication:PR Newswire
Date:Jul 9, 1993
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