21
Sep
19:10
Ontario champions new US Steel Canada bidder
The province of Ontario is backing private equity company Bedrock Industries for the purchase of bankrupt steelmaker US Steel Canada.
Bedrock’s offer for the company is currently confidential, but the proposed deal has already won the support of the Canadian wing of the United Steelworkers (USW) labour union.
US Steel Canada entered bankruptcy protection in September 2014, when it was still a subsidiary of US Steel. US Steel subsequently shifted much of…
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Anonymous
Very good overview of the weekly steel market.
Anonymous