US Steel Focuses in Improvement of Existent Strategic Businesses

United States Steel actively expands its output capacities worldwide and its crude steel production approaches 30 million tonnes per annum including favorable effects by acquisition of other steel makers. John P. Surma Jr., president of US Steel, explained management strategy to Japan Metal Bulletin.

Mr. Surma said US Steel’s strategy is not scale expansion but improvement of existent strong fields. The firm started operation of no.3 hot dip galvanizing line with output capacity of 350,000 tonnes per year in Slovakia. The firm continues capacity expansion in Serbia as well, he said. The firm firstly targets full expansion of these sites.

In North America, US Steel acquired Lonestar Steel Technologies and expanded steel pipe capacity. Additionally the firm advances acquiring processes for Stelco of Canada to expand steel sheet output capacity. Mr. Surma said US Steel could strengthen its position in global steel market by these 3 points which are a new line in Slovakia, acquisition of Lonestar Steel Technologies and Stelco.

Mr. Surma explained the firm has no concrete plan at present for scale expansion in South America, China and India. However, he said, the expansion in these regions is a possible choice with US Steel’s large capital and strong market position.