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U. S. Steel completes acquisition of Stelco Inc.

United States Steel Corp. has announced that it has completed the acquisition of Stelco Inc. and that Stelco has been renamed U. S. Steel Canada Inc.

Commenting on the acquisition, U. S. Steel Chairman and CEO John Surma said, "We welcome the customers, employees and communities of Stelco to the U. S. Steel family. This acquisition expands the footprint of our North American flat-rolled operations with facilities on both sides of the Great Lakes to better respond to customer needs, including the ability to process U. S. Steel Canada slabs at other U. S. Steel facilities."

In addition, U. S. Steel named the management team for U. S. Steel Canada. Douglas R. Matthews has been named president and general manager-U. S. Steel Canada; William C. Harrison has been named vice president and chief financial officer-U. S. Steel Canada; Charles J. Shuster has been named director-human resources, U. S. Steel Canada; Scott D. Buckiso has been named plant manager-Lake Erie Works; and Bryan P. Vaughn has been named plant manager-Hamilton Works. The changes are effective immediately.

"The leadership team that will oversee U. S. Steel Canada is composed of individuals with strong, diverse backgrounds acquired during years of service at U. S. Steel facilities in the United States and Central Europe," said Surma. "Their experience, coupled with the talents and expertise of the employees they will work side-by-side with, will help ensure a smooth transition for the operations and the customers they serve."