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U. S. Steel to sell U. S. Steel Canada to Bedrock Industries Group
- November 3, 2016
- News Release
- Metalworking
U. S. Steel Corp., Pittsburgh, has agreed to proposed terms with Bedrock Industries Group LLC regarding the sale and transition of ownership of U. S. Steel Canada Inc. (USSC) to Bedrock.
In 2014 USSC applied for relief from its creditors pursuant to Canada's Companies' Creditors Arrangement Act (CCAA).
As part of the proposed transition in ownership, U. S. Steel will continue to provide certain shared services to USSC and will enter into an agreement to supply USSC with all of its requirements for iron ore pellets through 2021.
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