Hesteel Company Limited (SZSE:000709) signed a memorandum of understanding to acquire U. S. Steel Kosice, s.r.o. from U. S. Steel Global Holdings I, B.V. for €1.4 billion on January 26, 2017. Hesteel will need to invest a further €1 billion in the Kosice-based factory. Hesteel Company Limited (SZSE:000709) cancelled the acquisition of U. S. Steel Kosice, s.r.o. from U. S. Steel Global Holdings I, B.V. on January 27, 2018.