09
Jun
15:03
US Steel sells rail division Transtar
US Steel is divesting rail carrier Transtar for $640 million, Kallanish learns from a company announcement.
The sale to an affiliate of Fortress Transportation and Infrastructure Investors (FTAI) is slated to close during the third quarter. US Steel will maintain a 15-year contract for the six railroads that currently make up Transtar and serve its facilities.
“By selling Transtar to an experienced railroad operator, US Steel can better focus on…
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Anonymous
Very good overview of the weekly steel market.
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