Steel Mills
November 30, 2015
Essar Algoma Seeks Court Order for Reinstatement of Iron Ore Shipments
Written by Sandy Williams
Essar Steel Algoma is asking that courts in Ontario and Delaware order Cliffs Natural Resources to reinstate shipments of ore that were terminated two months ago.
Cliffs canceled its contract with Essar Steel Algoma in October claiming breach of contract and triggering Essar Algoma’s filing for CCAA protection. The steel mill is concerned that it will not have enough ore to sustain production through the winter months. At the present time, Algoma has about two-thirds of the iron ore it needs and said in a court filing that “failure to re-establish Cliffs’ supply of iron ore pellets may prove disastrous for Algoma and the many people who depend on it.”
