The nation’s No. 1 steelmaker, USX Corp.,...

The nation’s No. 1 steelmaker, USX Corp., will pay $28 million in profit sharing to unionized workers who will receive an average of $1,700 in cash April 15. The payments are linked to stock prices of USX’s competitors, Bethlehem Steel Corp. and LTV Corp. USX’s profit-sharing payments can be triggered either by those provisions or by the company’s earnings, but the latter were too low last year. The payments result from a profit-sharing agreement Pittsburgh-based USX worked out with the United Steelworkers union in a four-year contract agreement that ended a lengthy labor dispute last year.