U. S. Steel Completes Acquisition of Sartid
United States Steel Corporation (NYSE: X) confirmed today that its wholly owned subsidiary U. S. Steel Balkan, d.o.o. has completed its purchase out of bankruptcy of Serbian steelmaker Sartid a.d. (Sartid) and related subsidiaries for a purchase price of approximately $23 million.
Sartid is an integrated steelmaker with annual raw steel design production capability of 2.4 million net tons, of which approximately one-third is currently operational.
SOURCE: United States Steel Corporation
CONTACT: John Armstrong, +1-412-433-6792, or Mike Dixon,
Web site: http://www.ussteel.com/
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