12
Jul
17:34
Canadian USW pushes for Algoma bid reopening
The Canadian branch of the United Steelworkers labour union at Essar Steel Algoma has signed a letter of intent with an Essar Global subsidiary to hopefully stave off a buy by investment company KPS Capital Partners, Kallanish understands.
Essar Steel Algoma, a 4 million short tons/year facility that declared bankruptcy in November, has been targeted for acquisition by KPS. The investment company may also be looking to acquire fellow bankrupt steel company …
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Anonymous
Very good overview of the weekly steel market.
Anonymous