09
Jun
17:07
Stelco receives reorganisation plan approval
Stelco has received court approval for its bankruptcy emergence plan, Kallanish reports.
The former US Steel Canada recently reached a labour agreement with the United Steelworkers, a key element in gaining court approval for its pending sale to investment company Bedrock Industries.
The transaction is now expected to close by 30 June.
"We have diligently pursued the best possible outcome for almost three years and I sincerely appreciate the construct…
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Very good overview of the weekly steel market.
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