01
Mar
23:43
Steel Dynamics completes United Steel equity buy
US steel producer Steel Dynamics Inc has completed its majority acquisition of distributor United Steel Supply, Kallanish learns from a company statement.
The purchase of 75% of United Steel Supply’s equity interest was accomplished with a cash consideration of $93 million and $41m in absorbed debts. Steel Dynamics also retains the right to purchase the remaining 25% of the company’s equity.
"We enthusiastically welcome the employees and cust…
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Anonymous
Very good overview of the weekly steel market.
Anonymous