06
Oct
17:59
Court monitor recommends further support for US Steel Canada
US Steel Canada needs the continued support of parent company US Steel to successfully navigate its restructuring and sale process, according to the monitor appointed by the Ontario Superior Court of Justices. It also requires relief from its legacy debt, the official adds.
US Steel seeks to end its obligation for support services, such as IT, to its Canadian subsidiary, Kallanish understands. This is in addition to shifting about 16,000 short tons/month of auto…
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Anonymous
Very good overview of the weekly steel market.
Anonymous