Steel Mills
February 28, 2016
Is it Debt or Equity? US Steel Canada Supporters Still Waiting for Decision
Written by Sandy Williams
US Steel Canada supporters have been waiting a month for a decision by Justice Herman Wilton-Siegel on whether former parent company, US Steel, is owed $2 billion dollars debt or if that amount is an equity investment.
Court hearings on the matter ended January 27 with a promise of a decision within two weeks. Trevor Harris, Director, Government and Public Affairs at US Steel Canada said in an email “At this time, we have heard nothing from the Court regarding a ruling on the USS debt claim, nor are we aware of any specific timeline the judge is following.”
