Conflicting reports on U.S. Steel sale of Slovakian unit

U.S. Steel reportedly may be near a sale of its Kosice unit in Slovakia to a Chinese company, but X is said to have denied the report and Axiom Capital analyst Gordon Johnson thinks there is no sale , at least not yet. "What sale? We didn't say anything about a sale," was the company's response when asked about the rationale for such a deal, according to Johnson, writing "with a price for USSE and a suitor named... there could be an information leak of sorts; however, we cannot speculate either way."

Published: 
Tuesday, September 26, 2017