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Sale of mill would benefit U.S. Steel, analyst says
Assistant Metro Editor
Pittsburgh Tribune-Review
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By Kim Leonard
Published: Monday, November 26, 2012, 4:18 p.m.
Updated: Monday, November 26, 2012
U.S. Steel Corp. probably is close to announcing a divestiture of its still-profitable Slovakian steel mill, research firm Steel Market Intelligence said Monday, and “even in this very difficult environment, a sale or (joint venture) with a local partner could yield meaningful cash proceeds.”
The Downtown-based steel maker has said it's considering an offer for its last European steel mill. The company might use cash proceeds for a joint venture acquisition of ThyssenKrupp AG's U.S. operations, or invest in organic growth such as iron ore expansion, the research firm said.
Kim Leonard is a staff writer for Trib Total Media. She can be reached at 412-380-5606 or kleonard@tribweb.com
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