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Nucor Says it Considered Buying Parts of U.S. Steel

• Tuesday, February 6, 2024
• Source:ferro-alloys.com

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• Keywords:Nucor, U.S. Steel

 

[Ferro-Alloys.com]

 

Nucor acknowledges it was interested in acquiring some of United States Steel's assets, but dropped out of the bidding near the end over concerns about the price.

 

"Nucor took a hard look at some of the assets within the U.S. Steel portfolio," CEO Leon Topalian says during a conference call. "But at the end of the day, we're not going to overpay for any assets."

 

A deal proxy filed by U.S. Steel last week describes an unidentified company that analysts widely believe was Nucor as being interested in U.S. Steel's Big River mill in Arkansas; its iron ore operation in Minnesota; and a steel rolling mill in California. (finance.yahoo)

 

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