U.S. Steel is using the L word again liquidation.
The American former parent to U.S. Steel Canada says it opposes a new process to sell the Canadian icon, now independent and under creditor protection, unless it also considers the liquidation value of the company.
U.S. Steel Canada goes to court on Monday to seek approval of a new sales process that could see a new owner of the Hamilton and Nanticoke plants chosen by Oct. 31.
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Read the full article at: http://www.thespec.com/news-story/6223828-u-s-steel-pushing-for-liquidation-option/