US Steel looks across pond for expansion
US Steel, the third largest
US steel maker, has turned its attention from
North America and is now looking to expand into
Europe, according to recent market news.
Company officials say that the North American market is saturated and therefore presents few opportunities. The officials suggested that the company would consider expanding its presence in
Europe since the continent seems to be full of opportunities.
US Steel is especially keen on acquiring raw material suppliers in
Russia and the
CIS due to the high raw material prices in the global market.