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.