Stelco Officially Open for Business Under Bedrock Industries

Stelco has been officially acquired by Bedrock Industries as of June 30. The former U.S. Steel Canada entered protection under the Companies’ Creditors Arrangement Act in September 2014 and will now stand on its own as Stelco Inc.

“This is an exciting day for Stelco and for all of those who have worked so hard to position this company for success,” said Alan Kestenbaum, Chairman, Bedrock Industries. “We are well aware of Stelco’s storied history and the special position it holds in the hearts of those in the communities of Hamilton and Nanticoke in which it operates, and across Canada. As Canada prepares to celebrate its 150th anniversary, it is fitting that we are celebrating the rebirth of Stelco, a company that played an integral role in building the nation, starting in 1910 as The Steel Company of Canada. We look forward to marking many more milestones in the coming years as we build this Canadian icon together.”