Steel Mills
October 8, 2015
US Steel Seeks Permanent Separation from US Steel Canada
Written by Sandy Williams
The Ontario Superior Court has reserved judgment on a plan by US Steel Corporation for the company and US Steel Canada to “go their separate ways.” Justice Herman J. Wilton Siegal said it is one of the toughest decisions he has had to make from the bench and will issue a summary of his decision on Friday with more details next week.
In Wednesday’s court hearing, US Steel said it would maintain all services and arrangements for its Canadian unit for up to 24 months as part of a transition agreement. It will not make a bid for the Canadian assets.
