St. Louis Public Radio News
11:49 am
Thu January 30, 2003

National Steel Sale in Court Today

Chicago, Ill. – A bankruptcy court hearing in Chicago today could determine which of two bidders for National Steel Company will get to buy the company.

U.S. Steel and A.K. Steel both have bid to acquire National Steel, which owns Granite City Steel, a major employer in the Metro-East.

U.S. Steel bid $950 million dollars on January Ninth. A.K. countered with a bid of just over $1 billion two weeks
later.