Steel Mills
February 28, 2020
U.S. Steel Finalizes Full Ownership of UPI
Written by Sandy Williams
U.S. Steel is now 100 percent owner of USS-POSCO Industries as of Feb. 29, 2020. The purchase of the remaining shares of the company from its Korean partner represents the best opportunity for UPI to continue operating effectively and serve its customers, said U.S. Steel in a press release.
UPI is headquartered in Pittsburg, Calif., and produces cold-rolled sheets, galvanized sheets and tin mill products from hot bands provided by U.S. Steel. Annual production capability is 1.5 million tons.
