USS to raise annual production capacity to 18 million tons
According to reports from the industry, following the completion of National Steel takeover including two integrated works with a 7 million short ton annual crude steel capacity, a cold rolling and coil coating plant, an
iron ore pellet and other National Steel subsidiaries and joint ventures,
US Steel's annual steel
production capacity will grew up to 18 million tons (19.7 million short ton).
It is also reported that this acquisiton will inevitably increase strength of
US Steel's position particularly in tin mill and
automotive sheet markets.
As reported in SteelOrbis yesterday,
US Steel completed National Steel takeover upon the approval of the new five-year labor agreement with the labour union United Steelworkers of America (USWA) covering workers of both steel mills.