Steel Mills
October 14, 2015
Can US Steel Canada Survive on Its Own?
Written by Sandy Williams
US Steel Canada and its parent company US Steel Corp. are parting ways but uncertainty about the future of the Canadian steel mill lingers.
In a Superior Court decision last week, Justice Herman Wilton-Siegal agreed to sever the connection between the companies and allow US Steel Canada to suspend health care benefits to more than 20,000 retirees. Hamilton will no longer receive property taxes from USSC, amounting to about $6 million annually.
