US Steel Balkan completes acquisiton of Sartid
United States Steel Corp., announced that its subsidiary
US Steel Balkan d.o.o of
Serbia has completed the purchase of Serbian steel producer Sartid a.d and its six subsidiaries against $23 million.
US Steel Balkan will invest $150 million to Sartid over five years for working capital and restructuring.
Sartid which went into bankrupt last year in August, produces sheet products and has a tinning facility of 130'000 tons per annum.