• In October 2017, U.S. Steel Tubular Producuts sold a 50% equity stake in Apolo Tubulars to Apolo Tubos

– U.S. Steel Tubular Products is an indirect subsidiary of United States Steel Corporation, the leading manufacturer of steel sheets and tubular products in North America

– In 2012, U.S. Steel acquired Lone Star, the former owner of Apolo Tubulars

• Established in 1938, Apolo Tubos is a leading manufacturer of welded steel pipes and tubes utilized in several industries including construction, automotive, agricultural, chemical, petrochemical, sugarcane and, through its subsidiary Apolo Tubulars, oil and gas

– The Company is a subsidiary of GPC (Grupo Peixoto de Castro)

• Formed in 2006 through a joint venture between Apolo Tubos and Lone Star Steel, Apolo Tubulars is the main manufacturer of onshore oil and gas pipes in Brazil

– In 2016, Apolo Tubulars had revenues of R$122.2 million, EBITDA of R$28.2 million and Net Income of 24.2 million