US Steel Auction to Near End With Site Visits Next Week
- Cleveland-Cliffs, ArcelorMittal, Stelco among potential buyers
- United Steelworkers would transfer counterbid rights to Cliffs
The United States Steel Corp. Clairton Coke Works along the banks of the Monongahela River in Clairton, Pennsylvania.
Photographer: Justin Merriman/BloombergThis article is for subscribers only.
The timeline for United States Steel Corp.’s strategic review to sell all or part of itself has stretched on for more than two months, but a decision may be on the horizon.
Site visits for interested buyers of the iconic steelmaker are next week, with final bids due shortly after, indicating that the process may be entering its final phase this month, according to people familiar with the details, who asked to not be identified because the information is private. The site visits allow parties to conduct due diligence on US Steel’s assets.