01
Mar
18:19
Canadian court approves US Steel's $2.2 billion claim
US Steel has obtained approval for its $2.2 billion claim against former subsidiary US Steel Canada, Kallanish learns from an Ontario Superior Court ruling.
According to Justice Herman Wilton-Siegel, US Steel reasonably expected repayment for the loans it advanced US Steel Canada when it purchased the former Stelco steelworks in 2007. US Steel Canada entered court-monitored bankruptcy protection in September 2014, and was then spun off by US Steel in October. US…
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Anonymous
Very good overview of the weekly steel market.
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