Ottawa settles lawsuit with U.S. Steel
http://www.thespec.com/news/business...with-u-s-steel
The lawsuit between U. S. Steel and the federal government has been settled.
In a statement today Industry Minister Christian Paradis said the settlement gives Canada “significant” assurance of jobs and investment in Canada.
The minister says the company, which acquired Stelco in 2007, has committed to keep operating in Hamilton and Nanticoke on the shore of Lake Erie until at least 2015.
The company is also promising to invest $50 million in capital spending by the end of 2015.