Steel Mills
April 12, 2017
Algoma Union Supporting Anonymous Bidder
Written by Sandy Williams
USW Local 2251 voted 98.6 percent in favor of ratification of a Support Agreement for an undisclosed party interested in acquiring the assets of Essar Steel Algoma Inc. The announcement was made April 10 in a press release signed by Local 2251 president Mike Da Prat.
Da Prat told the Sault Star that he could not disclose the name of the entity due to a gag order imposed by Judge Newbould on mediation talks among the unions, company and DIP Term Lenders. Da Prat confirmed that the entity is not the term lenders but would not offer further information.
