Posted in | News | Ferrous Alloys and Metals | Business | Iron and Steel

Algoma Steel and Salzgitter Terminate Merger Talks

Mar 14 2007

Algoma Steel Inc. today announced that discussions with Salzgitter AG regarding a possible acquisition of Algoma have terminated. While discussions with Salzgitter were under way, a number of other interested parties contacted Algoma expressing interest in acquiring the Company. Algoma will be providing some of these parties with information about the Company and entering into preliminary discussions with them. There can be no assurance that any agreement will result from these discussions or that any transaction will be completed.

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