U.S. Steel to acquire Stelco for $1.1 billion
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NEW YORK/TORONTO  - U.S. Steel Corp agreed to acquire Stelco Inc for $1.1 billion, bagging the last big Canadian-owned steelmaker and strengthening its position in flat-rolled steel products in North America.
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Stelco Inc. STEa.TO has lost a  contract to supply steel to its biggest customer General Motors  Corp. GM.N, the company said on Monday, after the insolvent  Canadian steelmaker failed to strike a deal with its workers.
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TORONTO (CP) - The steel market has been hotter than a blast furnace lately. So, too, are critics of Stelco Inc., who question whether the company should have been declared insolvent ahead of such strong market conditions.
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Cytec Industries Inc., a US maker of materials for the aerospace and car industries, agreed to buy the chemicals business of UCB SA, Belgium&#39;s largest drugmaker, for 1.5 billion euros ($1.
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General Electric Co. GE.N on Monday  said it would buy a fire detection systems business from SPX  Corp. SPW.N for nearly $1.4 billion in cash in a move to  bolster its infrastructure business.
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Mittal Steel, currently the world&#039;s number one steel maker, is prepared to take a minority stake in European rival Arcelor which wants to merge with Russian giant Severstal, Mittal&#039;s European chief Roeland Baan said in a newspaper interview.
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European steelmaker Arcelor said it would buy Russian company Severstal in a 12-billion-euro (15.3-billion-dollar) deal that according to analysts could thwart a hostile raid by Mittal Steel.
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They will try to settle their differences by Oct. 31 in a bid to prevent the loss of more big clients. TORONTO -- Stelco Inc. and the union representing 1,000 employees working without a contract at the company&#39;s
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Toll Holdings Ltd.'s  Pacific  National unit has won a A$1 billion ($780 million), seven-year  contract to transport steel for Bluescope Steel Ltd.   and OneSteel Ltd. , sending Toll's shares up 2.5  percent.
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An Ontario court approved Deutsche Bank AG&#39;s (DBKGn.DE: Quote, Profile, Research) bailout plan for Stelco Inc. (STEa.TO: Quote, Profile, Research) on Monday, a bid that serves as
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America's biggest steel maker, International Steel Group Inc., agreed to a $4.5 billion buyout bid from a Dutch concern in a multipart transaction that will create the world's largest steel company.
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Dubai Ports International is buying the foreign port operations of US railroad company CSX Corp. for $1.15 billion in cash, the companies announced Thursday.
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Stelco Inc. (STEa.TO) has lost a contract to supply steel to its biggest customer General Motors Corp. , the company said on Monday, after the insolvent Canadian steelmaker failed to strike a deal with its workers.
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European steelmaker Arcelor said it would buy Russian company Severstal in a 12-billion-euro (15.3-billion-dollar) deal aimed at thwarting a hostile raid by Mittal Steel.
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Canadian Pacific Railway Ltd  has agreed to buy the Dakota, Minnesota & Eastern Railroad Corp for at least $1.5 billion cash to expand its network and increase access to U.S. Midwest markets.
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In the latest in a string of steel company acquisitions, Gerdau Ameristeel will pay $86 a share for Chaparral Steel
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America's biggest steel maker posts solid growth as steel prices soar.