Stelco gets OK to proceed with AltaSteel sale
Dec 19, 2005 | 08:17 AM
| Scott Robertson
The Ontario Superior Court of Justice late last week approved Hamilton, Ontario,-based Stelco Inc.'s sale of its AltaSteel Ltd. mini-mill in Edmonton, Alberta, to Moly Cop Steel Inc., an affiliate of South African steel processor Scaw International Sarl.
The financial terms of the deal will remain sealed by the court until the transaction closes. When it does, Stelco will be left with only two integrated steel mill properties its plants in Hamilton and Nanticoke, Ontario.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here