UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ----------------------- FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 ----------------------- Date of Report (Date of earliest event reported): May 6, 2003 United States Steel Corporation --------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 1-16811 25-1897152 --------------- ---------------------- ------------------- (State or other (Commission File (IRS Employer jurisdiction of Number) Identification No.) incorporation) 600 Grant Street, Pittsburgh, PA 15219-2800 - ---------------------------------- ---------- (Address of principal executive (Zip Code) offices) (412) 433-1121 ------------------------------ (Registrant's telephone number, including area code) Item 5. Other Events United States Steel Corporation was informed of the following downgrades to its senior unsecured debt ratings on May 6, 2003, by Fitch Ratings and Moody's Investors Service and on May 7, 2003, by Standard & Poor's Ratings Services: Rating Agency Current Rating Previous Rating - ------------- -------------- --------------- Fitch Ratings BB- BB Moody's Investors Service B1 Ba3 Standard & Poor's Ratings Services BB- BB SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. United States Steel Corporation By /s/ Larry G. Schultz -------------------- Larry G. Schultz Vice President & Controller Dated: May 7, 2003