Essar Steel Algoma sues Galvstar for $2.4M

Apr 26, 2013 | 04:27 PM | Catherine Ngai

Tags  Essar Steel, Algoma, Galvstar, Bain Partners, cold-rolled, steel, coils, Sault Ste Marie Catherine Ngai

NEW YORK — Essar Steel Algoma Inc. has filed a lawsuit against Galvstar LLC, Galvstar Holdings LLC and Bain Partners LLC for alleged breach of contract and unjust enrichment, claiming it is owed more than $2.4 million in unpaid invoices.

The Sault Ste. Marie, Ontario-based steelmaker said it sold 3,116 tons of cold-rolled steel coils to Buffalo, N.Y.-based Galvstar’s coating facility between October 2011 and July 2012 but has not been paid despite repeated attempts to collect, according to a complaint filed April 23 in U.S. District Court in New York.....

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