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U.S. STEEL acquires Stelco.(FERROUS)

United States Steel Corp., Pittsburgh, has entered into an agreement to acquire Stelco Inc., a steelmaker based in Canada, for around $1.1 billion. Shareholders owning more than 76 percent of the shares in Stelco have entered agreements supporting the acquisition by U.S. Steel.

U. S. Steel says it expects the Stelco deal to strengthen its position as a supplier of flat-rolled steel products to the North American market.

In addition to integrated steel plants in North ...

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