US Steel intends to purchase 100% of Double Eagle
Recent news in the market report that,
US Steel is in intention of purchasing 100% of its Double Eagle galvanizing joint venture in Michigan.
The company has recently offered bid for Rouge Industries, however its offer failed, as previously reported by SteelOrbis.
US Steel's interest for Double Eagle depends on the company's reduction of its coke operation at its Clairton works and declaration of force majeure as the supplier firm declared force majeure upon a coal supply agreement.