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Topic: Stelco

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	Stelco monitor calls for mediation Restructuring talks with union stalled @ workopolis.com (Site not responding. Last check: 2007-10-13)
		Stelco and the monitor should consult with the stakeholders to define the terms of the mediation process, he added.
		Stelco chief executive officer Courtney Pratt has dismissed the Tricap effort as not being a proposal, but simply a letter of intent between the fund and the union.
		Stelco agreed last month to the appointment of Tricap as a financial adviser to the union and access to all information the union has.
	www.workopolis.com /servlet/Content/qprinter/20050513/RSTELCO13 (638 words)

	[No title]
		Stelco's tacit assertion that it was caught totally unawares by the court's inquiry into the timeliness of its 1992 refund claim is flatly inaccurate.
		In the aforesaid submission, Stelco volunteered a copy of a formal administrative claim for refund (Form 1120X) for its taxable year 1992, which plainly revealed that it was filed on or after December 17, 1996, well after the three-year statute of limitations under § 6511(a) had expired in mid-September of 1996.
		Ironically, in a series of filings spanning several months, Stelco emphatically beseeched the court to weigh the adequacy of its administrative refund claims for the taxable years 1984-1986 and 1989-1995 not on the basis of the four corners of those filings, but against the totality of the surrounding circumstances.
	www.uscfc.uscourts.gov /Opinions/Gibson/98/STELCO2.htm (1699 words)

	Stelco Restructuring Plans Continue to Evolve (Site not responding. Last check: 2007-10-13)
		Stelco had announced previously that its preliminary consolidated net loss for 2003 was $192 million before asset wrote-offs, revaluations and other adjustments, which are expected to be substantial.
		The Monitor understands that Stelco and the USWA have had some discussions regarding a protocol to enable representatives of the USWA to receive access to confidential information and to set parameters which would enable the USWA to discuss and disclose to their members some of the information which is not of a highly confidential nature.
		Stelco and the CIBC Bank Syndicate are exploring a means by which Stelco will continue to maintain Plateco's assets while a buyer is sought for the machinery and equipment.
	www.steelnews.com /04/apr37.htm (1783 words)

	Steelworkers Preparing Plan to Save Stelco (Site not responding. Last check: 2007-10-13)
		Stelco Inc., which was not a party to the letter of intent, noted that although Tricap was invited to participate in the Court-approved capital raising process run earlier this year, the company declined to so.
		Stelco is now pursuing a Court-approved stand-alone process to raise capital that would allow it to emerge from CCAA protection.
		Stelco has the potential to once again lead the industry, backed by a committed and experienced workforce, strong management team and positive business fundamentals and industry dynamics.
	www.steelnews.com /05/apr/a40.htm (741 words)

	The Marxist-Leninist Daily
		Stelco's pension plans were still receiving both essential factors in January 2004 even though executive management was diverting some added-value to the Ontario government's Pension Benefits Guarantee Fund in lieu of putting added-value into the plans but that is a policy decision that could be changed at any time.
		The steelworkers at Stelco stopped for now the attempt to deny their claim on the new added-value but the present owners of Stelco equity have not stopped the swindle of old accumulated added-value embodied in plants, equipment and material.
		The Stelco experience should be the occasion for a public inquiry into corporate bankruptcy and official wrongdoing on the part of monopolies and the restructuring industry.
	www.cpcml.ca /Tmld2005/D35206.htm (4866 words)

	Stelco Steel Mill Application
		These were intended to replace aging paper recorders that no longer gave Stelco the data recording flexibility it needed.
		Stelco also uses two Dash 8n recorders in the 4-high finishing mill.
		It is not uncommon for the users to make 400 to 1000 of these data captures weekly, and the data collected with the Dash 8n is relied on for judging the performance of the systems.
	www.astro-med.com /knowledge/appnotes/stelco.html (547 words)

	Stelco seeks OK to raise cash via new equity, debt American Metal Market - Find Articles
		Stelco said Friday it filed documents with the Ontario Superior Court of Justice seeking approval to discontinue the capital-raising process related to its core steelmaking business and to replace it with a financing plan involving new equity, new debt or a combination of both.
		Stelco recently issued financial estimates saying fourth-quarter operating earnings would be in the range of Canadian $45 million to C$50 million ($37 million to $41 million) in contrast to an operating loss of C$138 million in the fourth quarter of 2003.
		Stelco, which missed the March 31 deadline for filing financial statements due to matters related to its CCAA protection, said it expects to file the completed financial documents by April 14.
	www.findarticles.com /p/articles/mi_m3MKT/is_12-1_113/ai_n13500386 (787 words)

	Bill Cara: Stelco joke continues, Wed., May 11, 2005, 8:06 AM (Site not responding. Last check: 2007-10-13)
		Stelco continues to account for interest payments in its financial statements as if the company were making them to creditors.
		Pratt said Stelco continues to expect "significantly" higher operating profits for the remainder of the year, but he warned there is "increasing uncertainty" about global steel markets in the second half.
		Stelco estimated in March that its 2005 operating profits would be in the range of $350 million to $400 million but Pratt said the company is currently reviewing that forecast.
	www.billcara.com /archives/2005/05/stelco_joke_con.html (1079 words)

	Stelco plans wind farm near Nanticoke (Site not responding. Last check: 2007-10-13)
		Stelco, which is legally insolvent and expected to emerge from creditors' protection on Sept. 9, has a reason to warm up to wind power.
		But Stelco pulled out of the project on April 15, two days before Georgian Windpower was to secure $150 million in funding for the development.
		Stelco has argued in court documents that it had the right to terminate the agreement on 60 days notice.
	www.electricityforum.com /news/aug05/Stelcowindfarmproject.html (647 words)

	Ottawa Business Journal - News Story
		Stelco suitor OAO Severstal of Russia has made a similar court filing on the grounds that Stelco's management has thrown up roadblocks to it completing the due diligence for its own offer, believed to be worth about $1 billion.
		Using the fact that Stelco has raked in $100 million in profits over the past two quarters, the union has argued that Stelco was never in as bad a shape as management claimed.
		Stelco has denied this claim and said its recent profitability is the result of a short-term improvement in the market that will not last.
	www.ottawabusinessjournal.com /281990330111578.php (612 words)

	S T E L C O website (Site not responding. Last check: 2007-10-13)
		STELCO presently employs a total staff of 650 although this has been declining in recent years as the Company improves the efficiency of its operations, replaces older plant and equipment with more modern facilities, thus reducing maintenance, and automates routine processes.
		Recently, STELCO established a permanent IT unit to further modernize its systems. It also established a Human Resources Department in recognition of the importance of training and retaining competent staff capable of maintaining supply to customers to high standards in the future.
		STELCO has modern, efficient diesel-electric generating plant on Male’ and is continuing to install further capacity to meet a growing demand. It operates high voltage and low voltage underground networks on the island to supply its customers. It also operates a desalination plant for supplying purified water for use in the power station.
	www.stelco.com.mv /c_info.htm (598 words)

	McCarthy Tétrault LLP - Publications - Stelco’s CCAA Restructuring (Site not responding. Last check: 2007-10-13)
		The Stelco matter was significant not only because of its size and complexity, but also because of several very important, ground-breaking decisions arising from the case.
		The Stelco proceedings also gave rise to a pair of very important Ontario Court of Appeal decisions, hotly contested by creditors and other stakeholders, that confirm that a CCAA proceeding is the company’s restructuring process and that the court should pay deference to the business judgment of the company’s board.
		Stelco’s senior bondholders, who did not support the plan and had sufficient votes to veto it, opposed the meeting order on the basis that the plan was doomed to fail.
	www.mccarthy.ca /pubs/publication.asp?pub_code=2653 (394 words)

	The Stelco Sinter Plant
		Given that the Stelco sinter plant is presently the only operating sinter plant in the country, the multi-stakeholder advisory group struck to discuss iron sintering, focused its efforts largely on the Stelco sinter.
		Within the context of the Stelco sinter plant, an opportunity for effective implementation of the dioxin standard became available when the facility's provincial Certficate of Approval for air emissions required an amendment to accommodate the installation of upgraded pollution control equipment.
		The central focus of the Stelco appeal is the Ministry of the Environment's decision to include the dioxin emission limits set out in the Canada Wide Standard along with associated limits for the emissions of total suspended particulate matter from the sinter stack.
	www.environmenthamilton.org /issues/stelco_sinter.htm (746 words)

	IMC Hamilton Home: USWA Local 1005: Proposal Re: Stelco (Site not responding. Last check: 2007-10-13)
		USW Local 1005 in Hamilton reiterates its profound concern that Stelco be viable and its view that this requires protecting the wages and working conditions of the active labour force and the pensions of the retired workers.
		It is certainly time for a clear alternative to be discussed centred on provincial and federal government intervention to save Stelco in its entirety and lay the foundation for a stronger national steel industry serving the public good and social economy, and acting as a block to the destruction of Canada's industrial base.
		Stelco's assets would secure the loan and in the event of a downturn in the steel business cycle a government commission could investigate alternatives to another bout in CCAA, such as a temporary moratorium on interest payments and government intervention to manage national steel price stability.
	hamilton.indymedia.org /newswire/display/67/index.php (859 words)

	Stelco Inc. - Disclaimer (Site not responding. Last check: 2007-10-13)
		Stelco may change the programs, products, and services mentioned on this Web site at any time without notice.
		Stelco, its related companies, subsidiaries, affiliates, contractors, agents and/or employees and its suppliers disclaim all warranties, expressed or implied including, without limitation, those of merchantability, merchantable quality, fitness for a particular purpose, expectation of privacy and noninfringement or arising from a course of dealing, usage, or trade practice.
		Stelco provides these links merely as a convenience and the inclusion of such links does not imply an endorsement.
	www.stelco.com /legalNotices.asp (190 words)

	Swansea Stelco site walkabout
		Plans are in the works for the development of the old Stelco Plant in the south end of the Village of Swansea.
		The north-east corner of Stelco property is fenced in, contains many trees, and a small creek covered by a small pedestrian bridge.
		Stelco plant is buflt on two ponds – environmental consideration.
	webhome.idirect.com /~jleeson/stelco_walkabout.htm (1099 words)

	Infiltration Journal: Stelco Canada Works
		Stelco Canada Works (March 2004): In 1913, the Steel Company of Canada opened a mammoth new steel mill in what was then the township of Barton.
		Stelco produced a heck of a lot of shells to help destroy German industry and a heck of a lot of ingots to help build up Canadian industry, but once those jobs were done, in 1984, Stelco ceased production at the mill.
		Over the next two years the mill's usable equipment was stripped away and sent to other Stelco properties; the place was fully abandoned in 1986.
	www.infiltration.org /journal-stelco.html (891 words)

	Bill Cara: Stelco Court Decision, Thurs., March 31, 2005, 7:51 PM (Site not responding. Last check: 2007-10-13)
		Bill Cara: Stelco Court Decision, Thurs., March 31, 2005, 7:51 PM Stelco Court Decision, Thurs., March 31, 2005, 7:51 PM Some of you may have been wondering if I happen to be a little loony in writing such a scathing attack on Canadian bankruptcy judge James Farley.
		Stelco Court Decision, Thurs., March 31, 2005, 7:51 PM Some of you may have been wondering if I happen to be a little loony in writing such a scathing attack on Canadian bankruptcy judge James Farley.
		Richard Drouin, Stelco's Chairman of the Board, said, "We are pleased that the Court of Appeal has unanimously confirmed the original decision of the Board of Directors.
	www.billcara.com /archives/2005/03/stelco_court_de.html (397 words)

	STELCO, Inc. COP Calculation, NAFTA Article 1904 Panel Review
		Stelco, however, argued that the Department is not required to use the Federal Reserve Rate where no U.S. dollar borrowing has occurred, and that instead the Department should have used the rate in which Stelco negotiated with respect to its open line of credit.
		Stelco indicates that the Department should recalculate its allocation ratio, which is the total amount charged to Stelco, as recorded in Baycoat's financial statements, to Baycoat's total revised value of production.
		Stelco further indicates that the Department should then recalculate the allocation of profit by class of painting services performed by Baycoat, based on the revised allocation ratio.
	ia.ita.doc.gov /remands/USA-CDA-98-1904-01.htm (2649 words)

	Stelco unveils restructuring plan
		Stelco Inc. filed a restructuring plan Friday that the company acknowledged may be tough for stakeholders to swallow.
		Stelco also hopes to raise $175 million cash through the sale of non-core assets, $100 million from its rights offering and $90 million from warrants.
		Stelco rejected several restructuring bids from outside firms, opting to develop its own restructuring option.
	www.cbc.ca /money/story/2005/07/15/stelco-050715.html (1240 words)

	Stelco warns of steel slump (via CobWeb/3.1 planetlab2.cs.unc.edu) (Site not responding. Last check: 2007-10-13)
		Stelco is warning that it won't meet its targets for production, revenues or earnings because the steel market has weakened considerably in the past few months.
		The Stelco steel plant in Hamilton was shut down last week for the first time in 16 years.
		Stelco said, like most other steelmakers, it is already reducing its production levels to match the lower demand. It will also extend previously planned outages at its Hamilton blast furnace and Lake Erie hot strip mill.
	www.cbc.ca.cob-web.org:8888 /money/story/2006/11/10/stelco.html (1128 words)

	Severstal purchase hunt leads to Canada's Stelco American Metal Market - Find Articles
		Courtney Pratt, Stelco's president and chief executive officer, wouldn't confirm or deny approaches by Severstal executives and wouldn't comment on possible bidders.
		He is one of the 20 or so richest Russian oligarchs, some of whom made fortunes in the Russian industrial privatization effort of the 1990s.
		Among potential investors is Deutsche Bank AG, one of the biggest owners of Stelco's bonds.
	www.findarticles.com /p/articles/mi_m3MKT/is_41-5_112/ai_n6249248 (904 words)

	Russian company launches bid for Stelco
		Severstal said it would assume or refinance Stelco's secured debt, pay cash to Stelco's unsecured bond and trade creditors, contribute approximately $400 million in capital improvements and work with the company and its unions on Stelco's pension issues.
		Stelco would not be Severstal's first acquisition of a distressed North American steel company.
		Shares of Stelco were up more than 20 per cent in the wake of the announcement.
	www.cbc.ca /money/story/2004/11/09/stelco_041109.html (1256 words)

	Stelco Inc. provides restructuring update : ArriveNet Press Releases : Business (Site not responding. Last check: 2007-10-13)
		Stelco is awaiting the decision of the Ontario Superior Court of Justice following a hearing of the motion on March 5, 2004.
		Stelco Inc. is Canada's largest and most diversified steel producer.
		Stelco is involved in all major segments of the steel industry through its integrated steel business, mini-mills, and manufactured products businesses.
	press.arrivenet.com /business/article.php/271138.html (335 words)

	No wonder! All STELCO could afford to do is just go bankrupt!
		If STELCO is to tackle the problem, they need to raise the selling price of their service.
		Can the parliament members check and verify if STELCO is obligated to do such a thing, and if it has budgets allocated for such dim-witted activities.
		In fact he hardly allowed STELCO to breathe a sigh of relief when they ultimately got rid of him.
	www.minivannews.com /news/news.php?id=1425 (1052 words)

	Forbes.com: UPDATE 3-Stelco wins bankruptcy protection, shares slapped (Site not responding. Last check: 2007-10-13)
		Stelco, which expects to emerge from court protection in about 9 to 12 months, did not include its Alberta-based AltaSteel and Quebec-based Norambar and Stelfil subsidiaries in the process.
		Stelco, which lost C$168 million in the first three quarters of 2003, is scheduled to report results for its fourth quarter on Feb. 17.
		Shares of Stelco have now lost 80 percent of their value in the past year and analysts say a turnaround is unlikely.
	www.forbes.com /newswire/2004/01/29/rtr1234767.html (821 words)

	ON AIR QUALITY: Marston urges Conservatives to fund Stelco co-generator \| NDP (via CobWeb/3.1 planetlab2.cs.unc.edu) (Site not responding. Last check: 2007-10-13)
		Stelco included the co-generation plant in its 2005 restructuring bid that permitted it to exit from bankruptcy protection earlier this year.
		Stelco’s restructuring plan states that the co-generator would be one of the capital expenditures that would allow a reduction in costs by creating some of its’ own electricity.
		Supporting the Stelco co-generation project is a concrete example of how to truly achieve cleaner air in our community and improve the quality of life of its’ residents.”
	www.waynemarston.ca.cob-web.org:8888 /page/61 (363 words)

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