Item 1.02. Termination of a Material Definitive Agreement

On May 14, 2009, United States Steel Corporation (the "Corporation") paid all sums outstanding under and thereby terminated its $500 million unsecured Five- Year Term Loan Agreement dated as of June 11, 2007 and its $500 million Three- Year Term Loan Agreement dated as of October 12, 2007 (together, the "Loan Agreements"), both with the lenders party thereto and JPMorgan Chase Bank, N.A. as Administrative Agent. The Loan Agreements each contained an interest coverage ratio (consolidated EBITDA to consolidated interest expense) covenant of not less than 2:1 and a leverage ratio (consolidated debt to consolidated EBITDA) of not greater than 3.25:1 along with other customary terms and conditions. The Corporation used a portion of the proceeds from the recent sale of its 4.0% Senior Convertible Notes due 2014 to fund the repayment of the Loan Agreements. The Corporation did not incur any early termination penalties in connection with these terminations.