Another one bites the dust – Stelco sold

So Stelco has been sold. The last Canadian owned steel mill is gone.

From the Stelco web site:

PITTSBURGH and HAMILTON, ON, Aug. 26, 2007 — United States Steel Corporation and Stelco Inc., announced today that they have entered into a definitive agreement pursuant to which U. S. Steel will acquire Stelco for $38.50 (Canadian) in cash per share.

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