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BUSINESS BRIEFS

US Steel heading to Poland

FOLLOWING acquisitions in Slovakia and Yugoslavia and its failure to penetrate the Czech Republic, US Steel has set its sights on Poland, expecting an invitation to purchase a stake in the Polish PHS Holding steelworks, due to be privatised in January 2003.

Outgoing US Steel Košice president John Goodish said the firm had been interested in the Polish site in Katorce since September 2001, and was now waiting to see the final shape of Poland's deal with the European Union on economic competition before pursuing the acquisition.

Goodish, who has led the east Slovak steelmaker since November 2000, is leaving the firm to become the head of European acquisitions for USX. He will be replaced by Christopher Navett.

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