24
Dec
08:50
US Steel sells Keystone, continues galv line operation
US Steel has concluded the sale for $160 million of non-core real estate asset Keystone Industrial Port Complex in Pennsylvania. The steelmaker will continue to operate its hot-dip galvanizing line at the site.
“The proceeds from this transaction further enhance our strong cash position, supporting our decision to fund the purchase of the remaining Big River Steel equity with cash on hand,” US Steel chief executive David Burritt says in a note seen by …
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Anonymous
Very good overview of the weekly steel market.
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