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U.S. Steel Acquires Remaining 50% Stake In USS-POSCO Industries

U. S. Steel said it has closed on the purchase of POSCO-California Corporation's 50% partnership interest in USS-POSCO Industries.

In the near term, U. S. Steel plans to operate USS-POSCO Industries as a separate entity.

"After a long, collaborative relationship, U. S. Steel and POSCAL concluded that ownership of UPI by a single group represents the best opportunity for UPI to continue operating effectively and serve its customers," the company said.

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