Steel Mills
March 11, 2017
Stelco Sees Light at End of Tunnel
Written by Sandy Williams
Stelco, the former US Steel Canada, took another procedural step on March 10 to facilitate the sale of the company to Bedrock Industries.
Stelco filed its final Plan of Compromise, Arrangement and Reorganization with the Ontario Superior Court that addresses restructuring Stelco’s liabilities and the transaction with Bedrock. The plan “would result in the Company becoming a strong, and competitive participant in the North American steel industry,” said a press release from Stelco.
