$1.1B deal for Stelco consolidates market, makes Pittsburgh giant fifth largest
(Newser) -
US Steel's agreement to buy Canadian competitor Stelco for $1.1 billion, making it the world's fifth-largest steelmaker, is the company's second major acquisition this year, but not necessarily the last, CEO John Surma said yesterday. In the face of breakneck growth by Indian and Russian steel producers, the Pittsburgh...
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