17
Sep
01:00
Loss-making US Steel Canada applies for creditor protection
US Steel says that the board of directors of its loss-making Canadian subsidiary, US Steel Canada, has unanimously decided to apply for relief from its creditors pursuant to Canada’s Companies’ Creditors Arrangement Act (CCAA).
This action occurs in tandem with the steelmaker’s decision to discontinue investment in iron ore and coke substitute projects in Minnesota and Indiana respectively (see related article). The parent company has updat…
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Anonymous
Very good overview of the weekly steel market.
Anonymous