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USS/KOBE STEEL COMPANY PURCHASES SHARON CASTER

 LORAIN, Ohio, June 24 /PRNewswire/ -- USS/KOBE Steel Company announced today that they have closed on the purchase of the continuous caster from Sharon Steel Corporation.
 Paul J. Wilhelm, president of USS/KOBE, stated, "The acquisition of this caster is another step in our modernization program." He added, "A second caster will give our company enormous flexibility and advantages in cost and quality."
 Wilhelm stated, "The company will begin formulating plans for relocating the caster from Monessen, Pennsylvania, to its facility in Lorain. We hope to submit plans to the Management Committee of USS/KOBE for the approval later this year."
 USS/KOBE Steel Company is a joint venture formed in 1989 between USS in Pittsburgh and Kobe Steel in Kobe, Japan.
 -0- 6/24/93
 /CONTACT: Geroge A. Manos, assistant to the president, USS/KOBE Steel Company, 216-277-2300/


CO: USS/KOBE Steel Company; Sharon Steel Corporation ST: Ohio, Pennsylvania IN: MNG SU:

AR -- CL006 -- 5410 06/24/93 15:27 EDT
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Publication:PR Newswire
Date:Jun 24, 1993
Words:162
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