US Steel Canada
| US Steel Canada
|
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|---|---|
 |
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| legal form | |
| founding | 1910 |
| Seat |
Hamilton, Ontario , Canada
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| Branch | steel |
Stelco (from Steel Company of Canada ) is a Canadian steel manufacturer. After its first bankruptcy from 2007 to 2016, it belongs to US Steel and traded as US Steel Canada . Today, however, only the cold rolling mill and the coking plant are in operation. The company Max Aicher North America also operates two steel bars -Walzwerke on the grounds of the Hilton Works . US Steel Canada was sold to Bedrock Industries in 2016 and has been operating under the name Stelco again since then .
Four steel mills used to belong to Stelco:
- Hilton Works in Hamilton , Ontario
- Lake Erie Steel Company in Nanticoke , Ontario
- Stelco-McMaster Ltée in Contrecœur , Quebec
- AltaSteel Ltd. in Edmonton , Alberta
history
Stelco was founded in 1910 through the merger of the Hamilton Steel and Iron Company (HSIC) and the Montreal Rolling Mills (MRM). By 1932, Stelco had a 45% market share in Canada.
The Lake Erie steel mill was built from 1974 to 1980. The number of employees rose to up to 25,000 in the 1970s.
In the 1980s, the company ran into economic problems due to low steel prices and stricter environmental regulations.
In 2005 the wire business including the Contrecœur ( Norambar ) site was sold to Mittal Steel .
In 2007, Stelco was for 1.1 billion US dollars over plus debt of US Steel.
2014 US Steel Canada went into bankruptcy and sought bankruptcy protection .
Individual evidence
- ↑ Stelco Inc. History in Funding Universe
- ↑ Stelco nears deal to sell 3 units to Mittal , July 27, 2005
- ↑ US Steel to buy Stelco , August 27, 2007
- ↑ A case of buyer's remorse? What went wrong at US Steel Canada , September 17, 2014