Sault Ste. Marie

For the many unsecured creditors owed millions in payment from Essar Steel Algoma , these are days of high anxiety for Sault Ste. Marie contractors and industrial suppliers.

Liberty House Group , a United Kingdom-based commodities trading group, wants to take a run at acquiring Essar Steel Algoma . A July 17 article in the Financial Times said Liberty House is eyeing the Sault Ste.

The prospective buyer for Essar Steel Algoma , KPS Capital Partners , backed away from its bid to buy the Sault Ste. Marie steel plant.

Essar Steel Algoma’s largest union is saying no deal to the selection of a New York hedge fund as the prospective new owner of the Sault Ste. Marie steel works. Steelworkers Local 2251 Mike Da Prat told SooToday.

Essar Steel Algoma ’s largest union is saying no deal to the selection of a New York hedge fund as the prospective new owner of the Sault Ste. Marie steel works. Steelworkers Local 2251 Mike Da Prat told SooToday.

The City of Sault Ste. Marie is challenging a Toronto judge's ruling suspending Essar Steel Algoma's obligation to pay millions of dollars in municipal property taxes. SooToday.

Essar Steel Algoma Inc. pleaded guilty and has been fined $60,000 after a worker slipped on ice on the way in to work and was injured. On the morning of March 11, 2015, an Essar employee was arriving at the Sault Ste.

The Rural Agri-Innovation Network (RAIN) in Sault Ste. Marie is working with the University of Guelph to monitor pollinators in Northern Ontario.

Essar Steel Algoma’s largest union said it was not involved in the sale process that allowed a New York hedge fund to emerge as the best bet to take over the Sault Ste. Marie steel plant.

Essar Steel Algoma announced June 17 that it has entered into an asset purchase agreement for the sale of the Sault Ste. Marie steel works to a consortium of bidders headed up by KPS Capital Partners, a New York-based private equity firm.