U.S. Steel Increases Automotive Steel Capacity With Purchase Of AK Steel's Stake In DESCO

DESCO operates an electrolytic galvanizing facility located in Dearborn, Michigan, which produces sheet steel coated with free zinc or zinc alloy coatings, primarily for use in the automotive industry. The acquisition of AK Steel's interest in DESCO's electrolytic galvanizing plant, which has an annual production capacity of 700,000 tons, enhances U.S. Steel's production capacity for light-weight advanced high strength steels for the automotive industry. This would also provide a boost to U.S. S...