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July 30, 2015 4:53 PM ET

Metals and Mining

Company Overview of U.S. Steel Canada Inc.

Company Overview

U.S. Steel Canada Inc., together with its subsidiaries, manufactures steel products. The company offers semi-finished steel products, including basic oxygen furnace bloom-cast billets; hot rolled, cold rolled, and galvanized sheets; prefinished sheets, bars, and slabs and hot rolled coils; and hot rolled automotive products, and linepipe steel products, as well as various coated products. It offers its products for outer body panels and structural parts applications to the automotive market; lightweight steel frames, steel roofing, decking, steel siding/cladding, and steel building systems applications for the residential, commercial, institutional, industrial, and agricultural construction ...

386 Wilcox Street

P.O. Box 2030

Hamilton, ON L8N 3T1

Canada

Founded in 1910

4,243 Employees

Phone:

905-528-2511

Fax:

905-308-7002

Key Executives for U.S. Steel Canada Inc.

President and General Manager
Age: 57
Chief Financial Officer
Age: 60
Chief Restructuring Officer
Age: 58
Secretary and General Counsel
Vice President of Corporate Communications and Public Affairs
Compensation as of Fiscal Year 2015.

U.S. Steel Canada Inc. Key Developments

U.S. Steel Canada Extends Deadline For Final Bid

U.S. Steel Canada Inc. has extended the deadline for final bids for the company to July 24, 2015. The extension allows potential bidders to conduct additional due diligence, said Alex Morrison, the court-appointed monitor for US Steel Canada's Companies Creditors Arrangement Act (CCAA) proceedings. Potential buyers have attended plant tours and management presentations about the Hamilton, Ontario-based steelmaker in recent weeks, Morrison said in documents filed with the Ontario Superior Court of Justice. They also received template purchase agreements by the end of the first week of July 2015, he said.

United States Steel Seeks Sale Of Its Canadian unit

United States Steel Corp. (NYSE:X) is in talks for the sale of its Canadian unit to U.S. Steel Canada Inc.

U.S. Steel Canada Finds Potential Investors

The latest report from the court-appointed monitor overseeing the restructuring of U.S. Steel Canada Inc. says 102 firms were offered the chance to bid on the properties and 39 were interested enough to sign the confidentiality agreements required by USSC to get full financial information. "In all, the financial adviser contacted 102 potentially interested parties, which included global and North American steel producers, coke producers, steel and metal industry participants, land redevelopers, and private equity and financial investors," the report says. "Of these, 39 executed a (confidentiality agreement) with USSC and were provided access to USSC's (private financial information.)" The second phase of the process for potential buyers of the plants was to submit a formal letter of intent to the company. The deadline for that was May 20.

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