首页|USS SELLING OFF IRON ORE, COKE, TRANSPORT DIVISIONS
USS SELLING OFF IRON ORE, COKE, TRANSPORT DIVISIONS
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U.S. Steel agreed to sell its iron ore, cokemaking, and a transport-services subsidiaries to an investor group called Apollo Management L.P. for 500 million dollars. Still subject to final agreements and approvals by boards on both sides, the sale should close by the spring. On the block are: Minntac, USS's 16.4 million-tpy taconite mine and pelletizing operation in Mt. Iron, MN. Its reserves are reported at 695 million tons of ore (all of which would be transferred with Minntac); The cokemaking operations at Clairton, PA' and Gary, IN, with a total capacity of 6.7 million tpy.