Steel Mills
September 27, 2017
Stelco Files for Public Offering
Written by Sandy Williams
Canadian steel producer Stelco Holdings will go public with the sale of at least $150 million in shares. The company filed for an initial public offering on Wednesday with security regulators in Canada.
Stelco, the former U.S. Steel Canada, was acquired out of bankruptcy by Bedrock Industries in June. The restructuring relieved Stelco of $3 billion in debt and $1.4 billion in pension and benefit obligations.
