Posted in | News | Ferrous Alloys and Metals | Iron and Steel

US Steel Pulls Out of Sale to ArcelorMittal

Mar 5 2008

U. S. Steel Canada Inc., a foreign subsidiary of United States Steel Corporation (NYSE: X), announced today that it has withdrawn from negotiations to sell its 44.6 percent interest in the Wabush Mines Joint Venture to ArcelorMittal Dofasco Inc.

Cleveland-Cliffs Inc holds a 26.8 percent interest and Dofasco holds a 28.6 percent interest in the Wabush Mines Joint Venture.

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