09
Aug
18:40
Ontario Steel submits bid for USSC
A consortium led by shareholders in Essar Global has submitted a formal bid for the assets of bankrupt Ontario steelmaker US Steel Canada, Kallanish understands.
Though the full bid price was not disclosed, Ontario Steel Investments Limited is prepared to accept CAD 954 million in employer liabilities and contribute CAD 25M annually toward a pension and benefit plan.
In mid-July, investment company KPS Capital Investors dropped out of the running for US Steel…
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Anonymous
Very good overview of the weekly steel market.
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