Stelco, Casey evaluating five bids for shuttered plate mill in Hamilton

Nov 08, 2004 | 09:54 AM | Scott Robertson

Stelco Inc., Hamilton, Ontario, has received five offers for its plate mill, the sale of which is part of its overall restructuring plan to dispose of non-core assets and concentrate on its flat-rolled steel operations.

Colin Osborne, senior vice president of strategy at the Canadian steelmaker, said Monday morning during a conference call with steel industry analysts that the company was in the process of evaluating the bids it received prior to last Friday's deadline. Osborne said it was too soon....

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