US Steel to acquire National Steel assets

Adjust font size:

Increase font size Decrease font size

US Steel to acquire National Steel assets

US Steel Corporation has agreed to acquire the bulk of National Steel Corporation’s steelmaking and finishing assets for approximately $750 million.

The company will also acquire $200 million of National Steel’s debt. With the acquisition, US Steel will be able to produce nearly 25 million tons of raw steel each year, ranking it the fifth largest steelmaker in the world, according to a recent statement issued by US Steel.

Thomas Usher, US Steel chairman, said the deal will also improve US Steel’s ability to serve North American automotive, container, appliance, and construction customers.

Comments on this story

no comments yet...

click here to add a comment

You must be registered & logged in to add comments
Please register

already have an account and just want to login?

email address
password
remember me
 

Related Content

Boeing Celebrates the Premiere of the 787 Dreamliner
EVERETT, Wash., July 08, 2007 -- Today, Boeing...
more…