Stelco Holdings Inc. Announces Timing of Fourth-Quarter and Full-Year 2017 Earnings Release and Conference Call
Stelco Holdings Inc., (TSX: STLC), a low cost, integrated and independent steelmaker with one of the newest and most technologically advanced integrated steelmaking facilities in North America, today announced that it plans to release its fourth quarter and year-end 2017 financial results on Wednesday, February 21, 2018, after the close of the market.
Hamilton, ON, December 11, 2017 – Stelco Holdings Inc. (the “Company”) (TSX: STLC) announced today that Stelco Inc. (“Stelco”) has completed inventory monetization arrangement previously disclosed in its supplemented prep prospectus dated November 2, 2017. Under the terms of the arrangement, Stelco has agreed to transfer certain of its raw material inventory, including coal and iron ore to a third party in consideration for net proceeds of approximately U.S $100 million.
HAMILTON, ONTARIO, November 13, 2017 – Stelco Holdings Inc. (“Stelco” or the “Company”), (TSX: STLC), a low cost, integrated and independent steelmaker with one of the newest and most technologically advanced integrated steelmaking facilities in North America, today announced financial results of Stelco Inc. for the three and nine months ended September 30, 2017. Stelco Holdings Inc. is the 100% owner of the operating company, Stelco Inc.
HAMILTON, ON, June 30, 2017 – Stelco Inc. (“Stelco” or the “Company”) announces that all of the closing conditions regarding the previously announced transaction with Bedrock Industries Group LLC ("Bedrock Industries") have been satisfied and that the acquisition of the Company by Bedrock Industries has closed.
June 9, 2017 – Stelco, the name under which U. S. Steel Canada Inc. carries on business ("Stelco" or the “Company") announces that the Ontario Superior Court of Justice (the “Court”) has sanctioned its Plan of Compromise, Arrangement and Reorganization.
Stelco (U. S. Steel Canada) and Bedrock Industries Group LLC Reach Agreement in Principle with Stelco Salaried and Other Non-USW Group, Who Now Support Stelco’s Restructuring Plan
April 19, 2017 – Stelco, the name under which U. S. Steel Canada Inc. carries on business ("Stelco" or the "Company"), announces that it and Bedrock Industries Group LLC (Bedrock) have reached an agreement in principle (the "Agreement") with the Stelco salaried employees and retirees and certain others represented by court-appointed representatives and counsel (the "Stelco Salaried and Other Non-USW Group") regarding their support for Stelco’s plan of arrangement, compromise and reorganization (the "Plan"), including the treatment of their Other Post-Employment Benefits ("OPEB"), unfunded supplemental pensions claims, termination and severance claims, and future pension service
March 21, 2017 – Representatives from the Canadian Steel Industry, including Stelco President and General Manager, Michael McQuade, appeared in Ottawa, in front of the Parliamentary Committee on International Trade to discuss the industry's ability to compete internationally. Mr. McQuade and his colleagues responded to questions from Members of Parliament regarding global over capacity in the steel industry, the need for strong trade rules to combat illegal and subsidized imports, and the importance of the Canada-US trade relationship.
Stelco (U. S. Steel Canada) Files Materials with Court Regarding Proposed Transaction With Bedrock Industries Group LLC
HAMILTON, ON (March 10, 2017) – Stelco, the name under which U. S. Steel Canada Inc. carries on business ("Stelco" or the “Company") announces that it has finalized a Plan of Compromise, Arrangement and Reorganization
Stelco (Formerly U. S. Steel Canada) Enters Into Plan Sponsor Agreement with Bedrock Industries Group LLC
Hamilton, Ontario, Canada – (December 9, 2016) Stelco (“Stelco” or “the Company”) announces that it has entered into an Acquisition and Plan Sponsor Agreement (“PSA”) with Bedrock Industries Group LLC (“Bedrock”).
The following remarks were delivered by Mike McQuade, President and General Manager of Stelco.
As you can imagine, this is a very proud day, not just for me, but for all of us here at Stelco.