07
Mar
18:05
USW to appeal US Steel claim against USSC
The United Steelworkers labour union is appealing an Ontario Superior Court justice’s decision to permit US Steel to pursue a $2.2 billion claim against former subsidiary US Steel Canada.
US Steel contends that it had a reasonable expectation of repayment with interest when it provided operational funds to its then-subsidiary in 2009. US Steel Canada consists of a 2.6 million short ton/year steelworks in Nanticoke, Ontario, and a finishing mill in Ham…
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Anonymous
Very good overview of the weekly steel market.
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