Steel Mills
December 11, 2016
Stelco Sale to Bedrock Goes to Court for Approval
Written by Sandy Williams
Stelco, the former U.S. Steel Canada, has officially requested to be sold to Bedrock Industries after more than two years in Canadian creditor protection.
“Ontario welcomes this latest development in the effort to restructure Stelco as an important step toward saving 2,100 jobs, protecting pensions and supporting economic development in the Hamilton region while ensuring environmental protection,” said the Ontario’s minister of finance, Charles Sousa, in a press release.
