Steel Mills
August 13, 2015
Essar Steel and US Steel Likely Top Bidders for US Steel Canada
Written by Sandy Williams
Essar Steel is in the running for purchase US Steel Canada according to an anonymous source close to the bidding process.
According to the Hamilton Spectator, the source said Essar Steel Holdings is interested in purchasing both Hamilton Works and Lake Erie Works, the only bidder interested in the entire USSC operation. Other bidders are seeking the bayfront land or portions of the steel mill. Essar’s bid is thought to be in the range of $400 million.
