Steel Mills
It's Official, USS-POSCO Industries Now USS-UPI LLC
Written by Michael Cowden
June 20, 2021
USS-POSCO Industries has officially changed its name to USS-UPI, LLC.
The West Coast subsidiary of Pittsburgh-based U.S. Steel said the change means its email domain is switching from ussposco.com to ussupi.com.
“This transition period will occur over the next few months,” the company said in a letter to customers on Friday, June 18.
USS-UPI also has a new website: www.ussupi.com.
Based in Pittsburg, Calif., USS-UPI is one of the major flat-rolled steel suppliers on the West Coast. The company converts hot band supplied by U.S. Steel into hot-rolled pickled-and-oiled (P&O), cold-rolled, and hot-dipped-galvanized sheet. It also makes tinplate, which is widely used in the region’s agricultural industry for applications such as canning.
USS-UPI was previously a 50-50 joint venture between U.S. Steel and South Korean steelmaker POSCO, which had in the past provided much of the substrate consumed at USS-UPI.
That arrangement became less tenable following a 2016 trade case that resulted in hefty countervailing duties – 57.04% – on hot-rolled coil from POSCO.
U.S. Steel purchased POSCO’s 50% stake in UPI in a deal that closed on Feb. 29, 2020.
By Michael Cowden, Michael@SteelMarketUpdate.com
Michael Cowden
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