U.S. Steel Canada Selling Bar, Bloom and Billet Mills

U.S. Steel Canada Inc., a wholly owned subsidiary of United States Steel Corp., will sell the No. 1 Bar Mill and the No. 3 Bloom and Billet Mill at its Hamilton Works to Max Aicher Inc., a wholly owned subsidiary of Max Aicher GmbH & Co. KG of Germany. Terms of the transaction, which is still subject to certain government approvals, were not released.

The balance of the operations at U.S. Steel Canada Hamilton Works will not be affected by the sale. The transaction will allow U.S. Steel Canada to focus on its core operations, further strengthening its position as a producer of value-added flat-roll products at facilities in Hamilton and Nanticoke, say company officials.

Additionally, U.S. Steel Canada and the United Steelworkers have reached a three-year labor contract at the Lake Erie Plant in Hamilton. The plant had been idled during the negotiations. Company officials say steel finishing, coke-making and steelmaking operations will be restarted in phases during the second quarter.

April 2017: Bell Shares Vision for Trade Remedies
More...
 
Pause
April 2017: Outlook Positive, But Prices May Peak
More...
Fall 2016: Cutting & Sawing Equipment
More...
Summer 2016
More...
 
Pause
Advanced Controls on Braner Slitters
More...
AHVS Precision Leveler Features Flip-Top Design
More...
Formtek’s Tishken Slitter Increases Production Volume
More...
Red Bud System Handles High-Strength Steels
More...
Bradbury Launches Flat Trak CL Monitoring System
More...
Artus Knives Custom Designed
More...
 
Pause
Privacy Statement  |  Terms Of Use
Copyright by Metal Center News



Saturday, April 29, 2017