USS confirms Canada restructuring mulled

Aug 04, 2014 | 10:21 AM | Michael Cowden

Tags  U.S. Steel, Mario Longhi, U.S. Steel Canada, Hamilton Works, Lake Erie Works, Michael Cowden

CHICAGO — U.S. Steel Corp. has confirmed that it is considering a restructuring of its loss-making operations in Canada, according to a filing with securities regulators.

"The company’s Canadian subsidiary U.S. Steel Canada Inc. continues to experience losses and is exploring options to improve its performance, which may include some form of restructuring," the Pittsburgh-based steelmaker said in a filing....

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