Stelco Inc. signs final deal to sell three subsidiaries to Mittal Steel

Yahoo! News

Restructuring steelmaker Stelco Inc. said Wednesday it has signed a final agreement to sell three of its subsidiaries to Mittal Steel for an undisclosed price.

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Mittal Canada Inc., a subsidiary of the world’s biggest steelmaker, Mittal Steel Co. NV, is acquiring Stelwire in Ontario, Stelfil in Lachine, Que., and Norambar in Contrecoeur, Que.