Yahoo! News – Algoma Steel earns $10.1M profit in Q4 as lower costs offset drop in sales: “Algoma’s profit comes as other steelmakers are reeling from heavy debtloads and piling losses. Hamilton-based steel giant Stelco Inc. entered bankruptcy-court protection late last month, joining Slater Steel of Mississauga, Ont., and Montreal-based Ivaco Corp., who made such moves last year.
Algoma itself has endured two bankruptcy restructurings, emerging from its second one in early 2002. “
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