M&A Deal Summary

U. S. Steel Acquires National Steel

On January 9, 2003, U. S. Steel acquired metals/mining company National Steel for 950M USD

Acquisition Highlights
  • This is U. S. Steel’s 1st transaction in the Metals/Mining sector.
  • This is U. S. Steel’s 2nd largest (disclosed) transaction.
  • This is U. S. Steel’s 2nd transaction in the United States.
  • This is U. S. Steel’s 1st transaction in Indiana.

M&A Deal Summary
Date 2003-01-09
Target National Steel
Sector Metals/Mining
Buyer(s) U. S. Steel
Deal Type Special Situations/Distressed
Deal Value 950M USD

Target

National Steel

Mishawaka, Indiana, United States
National Steel Corporation was an integrated steel producer based in Mishawaka, Indiana. National Steel operated plants in Canton, Ecorse and River Rouge, Michigan; Granite City, Illinois; and Portage, Indiana.

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Buyer(S) 1

Buyer

U. S. Steel

Pittsburgh, Pennsylvania, United States
Category Company
Founded 1901
Sector Metals/Mining
Employees23,350
Revenue 21.1B USD (2022)
DESCRIPTION

U. S. Steel is an integrated steel producer with major production operations in the United States, Canada and Central Europe and an annual raw steelmaking capability of 27 million net tons. The company manufactures a wide range of value-added steel sheet and tubular products for the automotive, appliance, container, industrial machinery, construction, and oil and gas industries. U. S. Steel was founded in 1901 and is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 2 of 6
Sector (Metals/Mining) 1 of 3
Type (Special Situations/Distressed) 1 of 1
State (Indiana) 1 of 1
Country (United States) 2 of 5
Year (2003) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-31 Marathon Oil

Houston, Texas, United States

Marathon Oil is an international oil exploration and production company. Marathon has net proved reserves of more then 2 billion barrels of oil equivalent across North America, Europe and Africa. Marathon Oil was formed in 1887 and is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-29 Lone Star Technologies

Dallas, Texas, United States

Lone Star Technologies, Inc. manufactures and markets oilfield casing, tubing and line pipe, specialty tubing products, including finned tubes used in a variety of heat recovery applications, and flat rolled steel and other tubular products and services.

Buy $2.1B
Mergr

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