{"id":62269,"date":"2026-06-23T17:03:26","date_gmt":"2026-06-23T17:03:26","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/62269\/"},"modified":"2026-06-23T17:03:26","modified_gmt":"2026-06-23T17:03:26","slug":"east-bay-steel-plant-property-is-bought-for-more-than-200-million-2","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/62269\/","title":{"rendered":"East Bay steel plant property is bought for more than $200 million"},"content":{"rendered":"<p>PITTSBURG \u2014 A United States Steel Corp. unit has bought the Pittsburg property where a steel mill had operated for decades until it closed two years ago.<\/p>\n<p>The former <a href=\"https:\/\/www.mercurynews.com\/2024\/01\/20\/end-of-a-bay-area-era-pittsburgs-steel-mill-idles-amid-sale-to-japanese-company\/\" target=\"_blank\" rel=\"noopener nofollow\">USS-Posco plant site in Pittsburg<\/a> has been bought for $275 million by U.S. Steel Property Holdings, according to documents filed on Dec. 29 with the Contra Costa County Recorder\u2019s Office.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" lazyautosizes lazyload\" alt=\"A drone view of the USS-Posco Industries UPI steel mill in Pittsburg, Calif., on Tuesday, Jan. 16, 2024. All operations at the mill at 900 Loveridge Road are expected to cease by March, causing a loss of nearly 500 jobs. (Jane Tyska\/Bay Area News Group)\" width=\"4758\" data- src=\"https:\/\/www.europesays.com\/korea\/wp-content\/uploads\/2026\/06\/EBT-L-STEELCLOSE-01XX-11.jpg\" data-attachment-id=\"10302138\" \/>UPI steel mill site at 900 Loveridge Road in Pittsburg, seen in January 2024 in a drone view.\u00a0(Jane Tyska\/Bay Area News Group)<\/p>\n<p>U.S. Steel Property Holdings is a real estate unit of <a href=\"https:\/\/www.ussteel.com\/about-us\/locations\" target=\"_blank\" rel=\"noopener nofollow\">U.S. Steel<\/a>, which itself is owned by <a href=\"https:\/\/www.ussteel.com\/media\/newsroom\/-\/blogs\/nippon-steel-corporation-and-u-s-steel-finalize-historic-partnership?p_r_p_resetCur=false&amp;_com_liferay_blogs_web_portlet_BlogsPortlet_redirect=https%3A%2F%2Fwww.ussteel.com%3A443%2Fmedia%2Fnewsroom%3Fp_p_id%3Dcom_liferay_blogs_web_portlet_BlogsPortlet%26p_p_lifecycle%3D0%26p_p_state%3Dnormal%26p_p_mode%3Dview%26_com_liferay_blogs_web_portlet_BlogsPortlet_cur%3D2%26_com_liferay_blogs_web_portlet_BlogsPortlet_delta%3D20%26p_r_p_resetCur%3Dfalse&amp;_com_liferay_blogs_web_portlet_BlogsPortlet_urlTitle=nippon-steel-corporation-and-u-s-steel-finalize-historic-partnership\" target=\"_blank\" rel=\"noopener nofollow\">Nippon Steel Corp<\/a>., a Japan-based steel company that took ownership of the iconic steel company in June of 2025.<\/p>\n<p>Nippon Steel paid $14.9 billion to buy U.S. Steel and has pledged to deliver <a href=\"https:\/\/www.ussteel.com\/media\/newsroom\/-\/blogs\/president-trump-approves-historic-partnership-between-u-s-steel-and-nippon-steel?p_r_p_resetCur=false&amp;_com_liferay_blogs_web_portlet_BlogsPortlet_redirect=https%3A%2F%2Fwww.ussteel.com%3A443%2Fmedia%2Fnewsroom%3Fp_p_id%3Dcom_liferay_blogs_web_portlet_BlogsPortlet%26p_p_lifecycle%3D0%26p_p_state%3Dnormal%26p_p_mode%3Dview%26_com_liferay_blogs_web_portlet_BlogsPortlet_cur%3D2%26_com_liferay_blogs_web_portlet_BlogsPortlet_delta%3D20%26p_r_p_resetCur%3Dfalse&amp;_com_liferay_blogs_web_portlet_BlogsPortlet_urlTitle=president-trump-approves-historic-partnership-between-u-s-steel-and-nippon-steel\" target=\"_blank\" rel=\"noopener nofollow\">an array of investments<\/a> that would ramp up steel production in the United States as well as create American jobs.<\/p>\n<p>The just-bought property is at multiple addresses in eastern Contra Costa County \u2014 including 900 Loveridge Road, 750, 900, and 935 East Third St., 3122 Columbia St., and 2907 Antioch-Pittsburg Highway, all in Pittsburg \u2014 county documents show.<\/p>\n<p>U.S. Steel Property Holdings took ownership of the 11 parcels that make up the shuttered steel factory\u2019s sites through a quitclaim deed.<\/p>\n<p>The Pittsburg mill was formerly a 50-50 venture between Pennsylvania-based U.S. Steel and South Korea-based steel company POSCO.<\/p>\n<p>In 2020, U.S. Steel bought out the 50% interest that POSCO-California Corp. had owned in the East Bay factory. The plant produced cold-rolled sheets, galvanized sheets, tinplate and tin-free steel.<\/p>\n<p>U.S. Steel \u201cindefinitely idled\u201d steel production at the UPI plant in Pittsburg in December 2023, according to a post on the company\u2019s website.<\/p>\n<p>In the wake of the Nippon Steel purchase, however, U.S. Steel has announced plans for a big upgrade at an Alabama plant, a restart of a blast furnace at an Illinois plant, and a revamp of a blast furnace at an Indiana plant.<\/p>\n<p>The shutdown of the UPI steel mill in the East Bay erased 474 jobs at the plant. At the time it suspended operations, the factory was the only West Coast producer of tin plates for the canning industry, along with other products.<\/p>\n<p>U.S. Steel\u2019s plans for the idled plant weren\u2019t immediately clear; the company did not immediately respond to a request for comment.<\/p>\n","protected":false},"excerpt":{"rendered":"PITTSBURG \u2014 A United States Steel Corp. unit has bought the Pittsburg property where a steel mill had&hellip;\n","protected":false},"author":2,"featured_media":62270,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[380],"tags":[1167,78,1168,1173,1161,34933,1162,34934,34935,119,34931,602,1163,1174,154,21558,34932,442,1164],"class_list":["post-62269","post","type-post","status-publish","format-standard","has-post-thumbnail","category-posco","tag-bay-area","tag-business","tag-california","tag-california-news","tag-commercial-real-estate","tag-contra-costa-county","tag-development","tag-east-bay","tag-east-contra-costa","tag-economy","tag-editors-picks","tag-jobs","tag-keywee","tag-latest-headlines","tag-news","tag-pittsburg","tag-pm-report","tag-posco","tag-real-estate"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/62269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=62269"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/62269\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/62270"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=62269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=62269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=62269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}