Heat Treat Industry News

April 30, 2010

US Steel Canada to sell bar bloom and billet mills to Max Aicher North America

Thursday, 29 Apr 2010US Steel Canada Inc, a wholly owned subsidiary of United States Steel Corporation, announced that it has entered into an agreement to sell the No 1 Bar Mill and the No 3 Bloom and Billet Mill located at its Hamilton Works to Max Aicher (North America) Inc, a wholly owned subsidiary of Max Aicher GmbH & Co. KG of Germany.

The transaction is subject to the receipt of certain government approvals and other conditions. Terms of the transaction were not released.

The balance of the operations at US Steel Canada Hamilton Works will not be affected by the sale. This transaction allows US Steel Canada to put continued emphasis and focus on our core operations, further strengthening our position as a leading producer of value-added flat-roll products at our facilities in Hamilton and Nanticoke.

Source: SteelGuru

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