U. S. Steel acquires remaining 50% ownership interest in UPI
2020-03-02 13:56:20 [Print]
U.S. Steel has closed on the purchase of POSCO-California Corporation (POSCAL)'s 50% partnership interest in USS-POSCO Industries (UPI), effective February 29, 2020.
After a long, collaborative relationship, U. S. Steel and POSCAL concluded that ownership of UPI by a single group represents the best opportunity for UPI to continue operating effectively and serve its customers.
UPI produces cold-rolled sheets, galvanized sheets and tin mill products made from hot bands principally provided by U. S. Steel. UPI's annual production capability is approximately 1.5 million tons.
United States Steel Corporation is a leading integrated steel producer with major operations in the United States and Central Europe.
After a long, collaborative relationship, U. S. Steel and POSCAL concluded that ownership of UPI by a single group represents the best opportunity for UPI to continue operating effectively and serve its customers.
UPI produces cold-rolled sheets, galvanized sheets and tin mill products made from hot bands principally provided by U. S. Steel. UPI's annual production capability is approximately 1.5 million tons.
United States Steel Corporation is a leading integrated steel producer with major operations in the United States and Central Europe.
