Steel Mills
June 19, 2016
KPS Purchase Offers Hope to Algoma and Possibly US Steel Canada
Written by Sandy Williams
Speculation continues to grow that KPS Capital, the suitor for Essar Steel Algoma, will also buy US Steel Canada and merge the two companies.
Sources for the Globe and Mail and Hamilton Spectator say that KPS is one of the two remaining bidders for the former Stelco operations in Hamilton and Nanticoke. According to anonymous sources, KPS is prepared to invest more than $500 million to acquire both companies for a potential merger.
