April 15, 2015

U.S. Steel Canada Seeks Buyers

U.S. Steel is seeking buyers for its troubled Canadian operations after getting the go-ahead from Canada’s bankruptcy court to pursue all avenues of sale or refinancing. The company has steelmaking operations in Hamilton and Nanticoke, Ontario.

U.S. Steel Canada is a two-site integrated steel producer with assets that include blast furnace operations, coke ovens, steelmaking facilities, and hot-rolling, pickling, cold-rolling and galvanizing lines, in addition to certain idled production equipment that could be restarted.

U.S. Steel Canada was formed in 2007 when the company acquired Stelco for $1.9 billion. It has posted losses totaling $2.4 billion over the past five years. Its filing under Canada’s Companies’ Creditors Arrangement Act gives the company bankruptcy protection as it works to find a buyer.

September 2017: Numbers Don’t Add Up for Service Centers
More...
 
Pause
September 2017: Lichtenstein: Five Steel Truths that Demand Attention
More...
Fall 2016: Cutting & Sawing Equipment
More...
Summer 2017
More...
 
Pause
Advanced Controls on Braner Slitters
More...
AHVS Precision Leveler Features Flip-Top Design
More...
Formtek’s Tishken Slitter Increases Production Volume
More...
Red Bud System Handles High-Strength Steels
More...
Bradbury Launches Flat Trak CL Monitoring System
More...
Artus Knives Custom Designed
More...
 
Pause
Privacy Statement  |  Terms Of Use
Copyright by Metal Center News



Sunday, October 22, 2017