N AMERICAN STEEL
US Steel Canada on Wednesday rejected a buyout offer from Ontario Steel Investments, a group that includes shareholders of Essar Global, saying it was not considering further proposals by Essar, which had been eliminated from the sale process.
The offer, made on Tuesday, includes the assumption of C$954-million in liabilities under US Steel Canada's pension plan and a commitment to provide C$25-million toward post-employment benefits for US Steel Canada's staff.
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