Stelco drawing interest around globe; U.S. Steel seen as potential bidder

Gee…for the longest time, no one wanted the little steel company down the road in Hamilton. Now suddenly everyone wants it!

Yahoo! News: “America’s largest integrated steelmaker is ready to compete with a Russian rival as the bidding war intensifies for Canada’s largest producer of steel, Stelco Inc., industry sources said Wednesday.

A day after an offer for Hamilton-based Stelco was made public by Russia’s OAO Severstal, industry insiders said that U.S. Steel Corp. is one of several international players that have made “expressions of interest” in Stelco. “

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