Steel Mills
April 5, 2016
Essar Steel Algoma Enters Phase II of Sales Process
Written by Sandy Williams
Essar Steel Algoma announced that it has entered Phase Two of the Sale and Investment Solicitation Process. The company reports receiving “several bids” in the first phase of the sale.
During the second phase of the process, qualified bidders will be invited to a management presentation and participate in on-site tours and inspection of the facilities. Bidders may meet with representatives of the USW and retirees under supervision of the court Monitor. All discussions are confidential.
