Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

US Steel, headquartered in Pittsburgh has acquired the remaining 50pc stake in its joint venture with Posco California (Poscal). The two steelmakers; US Steel and South Korea based Posco, had a long collaborative venture USS-Posco Industries (UPI).


As a steel finishing plant, UPI has been operational since 1910. The companies, however, believed ownership by a single group would ensure better operational efficiency for UPI. These purchase plans were disclosed by US Steel on Feb 14 in its 10-K filing.  UPI will function as a separate entity.


The annual production capacity of UPI is around 1.5mn mt. It produces cold-rolled sheets, galvanized sheets and tin mill products from hot bands provided by US Steel.

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