United States Metal Company is promoting a Keystone industrial port advanced valued at $ 160 million

PITTSBURGH – (BUSINESS WIRE) – United States Steel Corporation (NYSE: X) announced today that it has completed the sale of its non-core real estate asset, the Keystone Industrial Port Complex (KIPC), in Fairless Hills, Pennsylvania. The company received approximately $ 160 million in cash as part of the sale.

“This non-core asset sale is in line with our strategic commitment to extract value from our attractive portfolio of real estate assets,” said David B. Burritt, president and chief executive officer of US Steel. “The proceeds from this transaction further strengthen our strong cash position and support our decision to cash the purchase of the remaining Big River Steel equity.”

NP Falls Township Industrial, LLC, a subsidiary of NorthPoint Development, LLC, acquired the KIPC, including approximately 1.4 million square feet of industrial space and approximately 1,800 acres of land, an inland deep water port, and other logistical infrastructure including rail and heavy haulage. US Steel will continue to operate its hot-dip galvanizing line at the site.

United States Steel Corporation, founded in 1901, is a Fortune 250 company and a leading integrated steel producer. With extensive iron ore production and an annual crude steel production capacity of 23.6 million net tonnes, US Steel produces high value added steel products for the automotive, infrastructure, equipment, container and energy industries. The company’s customer-centric “Best of Both” strategy for competitive integrated and mini-mill technology promotes a safer, more sustainable future for US Steel and its stakeholders. With a renewed focus on innovation and customer focus, the company produces state-of-the-art products such as the high-strength XG3 ™ steel developed by US Steel. US Steel is headquartered in Pittsburgh, Pennsylvania, with world class operations in the United States and Central Europe. More information is available at www.steel.com.