Steel Mills
June 16, 2016
Two Bidders Contending for US Steel Canada
Written by Sandy Williams
Two bidders continue to vie for purchase of the Hamilton and Nanticoke steel plants in Canada. According to the Hamilton Spectator, sources close to the sale confirm that Essar Group of India and KPS Capital Partners LP of New York are the final contenders for US Steel Canada.
KPS is also interested in gaining Essar Steel Algoma which could potentially open the way for a merger of the two companies. Sources say both bidders intend to operate and invest in US Steel Canada as a working concern.
