28
Oct
18:13
US Steel wants $2.2 billion in claims from former Canadian subsidiary
US Steel is asking for more than $2.2 billion from its former subsidiary US Steel Canada, according to documents filed with the Ontario Superior Court of Justice.
US Steel has petitioned the court to set a date for discussing the claims it made when its then-subsidiary entered court-ordered bankruptcy protection in September 2014, Kallanish notes. Last September, US Steel opted to shift about a quarter of its subsidiary’s high-value auto sheet production t…
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Anonymous
Very good overview of the weekly steel market.
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