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May 06, 2015 6:58 PM ET

Metals and Mining

Company Overview of U.S. Steel Canada Inc.

Company Overview

U.S. Steel Canada Inc., together with its subsidiaries, produces 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 mark...

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: 56
Chief Financial Officer
Age: 59
Chief Restructuring Officer
Age: 57
Secretary and General Counsel
Vice President of Corporate Communications & Public Affairs
Compensation as of Fiscal Year 2014.

U.S. Steel Canada Inc. Key Developments

U.S. Steel Canada To Look For Buyers

U.S. Steel Canada Inc. will look for buyers after the Ontario Superior Court approved the company to launch a process to sell or restructure its assets. The process allows bidders to contact financial advisor Rothschild Inc. before May 20, 2015 with letters of interest for the company’s assets in Hamilton and Nanticoke. Qualified bidders will then be invited to participate in a second due diligence phase.

U.S. Steel To Divset Land

U.S. Steel Canada Inc. has launched an organized process to sell land in Hamilton, with a January 22, 2015 deadline to file expressions. Bill Aziz, Chief Restructuring Officer of U.S. Steel Canada said that : "Prompted in part by inquiries from interested third parties, USSC in consultation with Rothschild (the company's financial adviser) and the court-appointed Monitor, determined that it would be useful to start an organized process to solicit expressions of interest in connection with the possible acquisition of the land owned by USSC in Hamilton."

U.S. Steel Canada Union Ratified a Collective Agreement

Unionized employees at U.S. Steel Canada's plant in Hamilton have ratified a collective agreement that the company says sends a positive message to its suppliers and customers during a court-supervised restructuring. The agreement covers about 600 employees represented by the United Steelworkers union.

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