Posted in | News | Ferrous Alloys and Metals | Sustainable Technologies | Iron and Steel | Mining | Automotive Materials

Stelco Consider Divesting AltaSteel

Jul 31 2003

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Stelco announced that they were considering divesting their wholly owned subsidiary AltaSteel after soliciting interest in the possible sale. They have received several letters of intent and are now considering their options.

AltaSteel supplies high quality carbon steel bars for the mining, oil and gas, agricultural, automotive, machinery, forging and construction industries in North America.

The divestiture would include the state of the art mini-mill in Alberta, Canada, as well as their 50% share in MOLY-COP Canada and GenAlta Recycling Inc.

For more information on steel manufacture, click here.

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