Steel Mills

Court Dates Set for US Steel Canada
Written by Sandy Williams
October 28, 2015
US Steel has filed court documents seeking a process trial date of November 20 to request approval of repayment of $2.2 billion in debt that it claims is owed by US Steel Canada.
The court date was delayed by other restructuring issues and has been hotly contested by the USW, former Stelco president Bob Milbourne, and the provincial government.
If the debt is approved, stakeholders fear restructuring of the Canadian mill will be doomed.
Recently a court decision severed the bonds between US Steel and US Steel Canada in a transition agreement that could allow the Canadian mills to become a stand-alone company. US Steel shifted crucial production for the automotive industry to the States, leaving the US Steel Canada without automotive contracts or a sales force to pursue them.
Bids for Lake Erie and Hamilton Works were rejected as unacceptable and the sale has been put on hold until the market improves.
Stakeholders will finally get their day in court. Progress has finally been made in getting the “secret deal” between US Steel and the federal government revealed. An expedited hearing on the matter will be held on November 19.
In a decision in May, Ontario Superior Court Judge Herman Wilton-Siegal agreed that the terms of the deal would have bearing on US Steel Canada’s bankruptcy case, but he did not have power to unseal the document.

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills

U.S. Steel sues Algoma over iron pellet shipments
U.S. Steel is suing Algoma over the Canadian flat-rolled producer's rejection of iron pellet shipments, arguing it has breached its contract.

August US mill shipments slip but still higher than last year
The American Iron and Steel Institute reported a decline in the monthly shipments of US mills from July to August.

TransPod, Algoma, Supreme Steel linkup anchors Canadian steel in high-speed transit build
The three Canadian companies have announced a strategic partnership to support the development of an ultra-high-speed transit line from Edmonton to Calgary.

Metallus, USW agree to tentative four-year labor deal
Metallus and the United Steelworkers (USW) have agreed to a tentative four-year labor contract.

ArcelorMittal Dofasco resumes cokemaking after emergency maintenance
The Canadian steelmaker reported on Sept. 30 that “urgent maintenance” was needed in its coke plant off-gas systems. The work required coke oven gas from the No. 2 coke plant to be flared for most of that week.