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U.S. steel CEO's 'confessions' for buying Stelco prompted government to call its lawyers: industry minister

CB
CBC - Politics
By Peter Zimonjic
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U.S. steel CEO's 'confessions' for buying Stelco prompted government to call its lawyers: industry minister
Photo / Coverage: CBC - PoliticsCredit: Peter Zimonjic
EXECUTIVE SUMMARY

Canada's industry minister says she called the department's lawyers after the head of Stelco's American parent company told CBC News that he only bought the Hamilton steelmaker to stop it undercutting his production facilities in the U.S.

Key Takeaways

  • steel CEO's 'confessions' for buying Stelco prompted government to call its lawyers: industry minister.

Canada's industry minister says she called the department's lawyers after the head of Stelco's American parent company told CBC News that he only bought the Hamilton steelmaker to stop it undercutting his production facilities in the U.S.

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