Metals and Mining
Company Overview of U.S. Steel Canada Inc.
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
Founded in 1910
Key Executives for U.S. Steel Canada Inc.
Chief Restructuring Officer
Secretary and General Counsel
Vice President of Corporate Communications and Public Affairs
Director of Human Resources
Compensation as of Fiscal Year 2016.
U.S. Steel Canada Inc. Key Developments
U.S. Steel Canada Rejects Bid From Essar
Aug 10 16
U.S. Steel Canada Inc. has rejected the bid from Essar Global Holdings Limited to acquire the company. It said that Essar isn't qualified to be a buyer of the company as Essar failed to provide sufficient evidence that it has the financial ability to buy and operate it.
Ontario Steel Offers To Acquire U.S. Steel Canada
Aug 9 16
Ontario Steel Investment Ltd, a consortium of steel industry specialists submitted an offer to acquire U.S. Steel Canada Inc. The consortium includes a group that includes shareholders of Essar Global. The offer includes the assumption of CAD 954 million ($725 million) in liabilities under U.S. Steel Canada’s pension plan and a commitment to provide CAD 25 million toward post-employment benefits for U.S. Steel Canada’s past and present staff. “Our offer is the culmination of 18 months of discussions with all of the key stakeholders to find the best outcome for the business,” Ontario Steel said.
U.S. Steel Canada Up For Sale
Jul 27 16
U.S. Steel Canada Inc. is up for sale. Justice Herman Wilton-Siegel has given U.S. Steel Canada four months to find a buyer. Justice Herman Wilton-Siegel ordered the protecting shield extended to November 30, 2016 for giving a potential buyer to negotiate deals with workers, the provincial government and other stakeholders. Justice Herman Wilton-Siegel said, "The evidence before me doesn't warrant imposing any harder deadlines. This remains very much a day-by-day evaluation."
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