Steel Mills
January 21, 2016
US Steel Claims Against Their Canadian Facility on Trial
Written by Sandy Williams
Today is Day 4 in a scheduled six day trial to settle the question of US Steel’s claim to $2.2 billion in debt from US Steel Canada.
Day 1 (Jan. 14) began with a recap of the purchase of the former Stelco steel company. Larry Brockway, a vice-president at US Steel that was involved with evaluating the acquisition of Stelco in 2007 said that, at the time, the company was optimistic about the future of the steel industry and its purchase of Stelco.
