Home U.S. Steel wins approval of Canadian unit restructuring
 

Keywords :   


U.S. Steel wins approval of Canadian unit restructuring

2014-10-09 05:25:00| Steel - Topix.net

The restructuring of U.S. Steel Canada Inc. will go ahead, with its parent company providing $185-million in financing to support the Canadian unit through the end of next year. The steel maker, operating under the protection of the Companies' Creditors Arrangement Act, has won approval of the Ontario Superior Court to receive debtor-in-possession financing from United States Steel Corp. President Barack Obama speaks at Millennium Steel Service in Princeton, Ind., Friday, Oct. 3, 2014, to discuss the economy as part of Manufacturing Day.

Tags: unit steel approval canadian

Category:Materials

Latest from this category

All news

»
23.11()PC-88015\"2D
23.11180&100m
23.11kenG
23.11ps3 CECH-4300C HDMI500
23.11 UNDERTALE PIANO SCORE
23.11MM6 BM11-SEC3 LC
23.11
23.11Blu-ray
More »