Steel Mills
October 6, 2015
US Steel and US Steel Canada Head to Court on Wednesday
Written by Sandy Williams
U.S. Steel Canada will be in court Wednesday and Thursday presenting its arguments for suspending pension contributions and property tax payments. The company will also ask for an extension of CCAA protection.
Parent company US Steel has said it will not include US Steel Canada in any bids for 2016 automotive contracts and plans to shift 15,000 tons of monthly production from the Canadian mills to the U.S. US Steel is canceling its raw material supply agreements for coal, coke and ore with US Steel Canada. It is also asking for court approval to discontinue administrative and operational services after Dec. 10, 2015.
