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  #161  
Old Posted Jul 22, 2009, 1:29 PM
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^^ I agree. False choice is a fallacy commonly employed in defending the status quo.
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  #162  
Old Posted Jul 22, 2009, 3:27 PM
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Originally Posted by emge View Post
.When we have a set of circumstances like this, is it better to keep 700 or so (which is what we have left after the retireees) employed on a large chunk of land, especially when steel no longer has the distinction of creating well-paid entry level jobs, which are quite rare and getting rarer, but jobs that have similar education requirements as other entry-level college-education jobs..................... or to start looking long-term at the future and seeing what the potential for that land could be for many different employers?
The employment level, when US Steel restarts Hamilton Works back to steel production, will require close to 2,000 employees, not 700. And these are well-paid entry-level job opportunities (does any decent entry level job nowadays not require minimum college diploma?)

If this land was to become brownfield, what are the odds of finding an employer willing to pay the cost of remediation and then offer well-paying employment positions greater than the 2000 US Steel will be employed at restart? Remeber, a bird in hand is worth two in the bush...

Last edited by markbarbera; Jul 22, 2009 at 4:34 PM.
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  #163  
Old Posted Jul 22, 2009, 3:28 PM
Emanuel Nicolescu Emanuel Nicolescu is offline
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I agree about the need for a variety of uses. My point is the loss of the current industrial capacity. It will be needed in the future, and if it is dismantled now, it will cost a lot more to rebuild in the future. Once the Stelco/Dofasco lands are remediated and converted to other uses (commercial/residential/institutional/recreational, it will be practically impossible to return to industrial due to public opposition and cost. Once conversion of Stelco lands begins, the momentum will eventually call for conversion of the Dofasco lands as well. It does, therefore look like an either/or situation.

Small Toronto example: the Red Path sugar factory sits on Queen's Quay at Jarvis. Condos have been going up north and west of it, and now local residents are vocal about how much of an eysore the factory is and about how it blocks views of the lake. It would be so nice, they say, to redevelop the site as a park or, inevitably, more condos. Incidentally I find it interesting how, in the Toronto narrative, highways, warehouses and factories visually separate the lake from the rest of the city, but condos don't.

Again I'll re-iterate my previous comment. Hamilton has the advantage of one of the largest ports on the Lakes, rail connection and highway connection in the middle of an important economic corridor. Once Stelco and other industrial complexes are removed/lost, the advantage is wasted. Once the port lands are redeveloped, and the rail yards north of Barton Street are further removed, the advantage is eventually lost. Hamilton would suffer from this in the future. Keeping a token industrial firm in the area to keep up the mixed use image would do no good. Clustering of similar uses is needed for prosperity, not isolation.

So go my muddled arguments. I'm very curious to see how the Hammer will develop in coming decades.
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  #164  
Old Posted Jul 29, 2009, 1:05 AM
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PITTSBURGH (AP) -- United States Steel Corp. became the latest American steel company to report a loss in the April-June quarter as the slumping economy continued to drag down the industry's biggest customers.

But domestic steelmakers are starting to see a rise in prices and orders as manufacturers and distributors replace their depleted stockpiles. Demand for products made from steel -- from cars to dishwashers -- remains week, however, and steel prices are well below record levels reached last summer.

On Tuesday, U.S. Steel reported its second straight quarterly loss and said third-quarter results would remain in the red.

''Our order book and operating rates remained at very low levels, spot market prices declined and we continued to incur carrying costs for our idled facilities,'' John Surma, the company's CEO, said in a statement.

The Pittsburgh-based company lost $392 million, or $2.92 per share, for the three months through June 30. That compares with a profit of $668 million, or $5.65 per share, in the year-earlier period. A gain from foreign currency exchange narrowed the latest loss by $41 million, or 31 cents per share.

Quarterly revenue fell 68 percent to $2.13 billion.

Analysts surveyed by Thomson Reuters, on average, expected a loss of $3.45 per share on revenue of $2.39 billion. Those estimates generally exclude one-time items.

All three of U.S. Steel's business segments reported losses. But the losses were smaller than the first quarter at its European operations and North American flat-rolled business. Flat-rolled, or sheet steel, is used in autos and appliances.

Its tubular business -- which makes pipes used in oil and gas drilling -- reported a loss compared with a profit a year earlier.

The company expects steel production to rise from extremely low levels in the April-June period.

Higher orders indicate customers may be replenishing their stockpiles of steel in North America and Central Europe, Surma said. To meet the demand, U.S. Steel has begun to restart idled mills and raise prices in its flat-rolled and European businesses.

''Despite these signs of improvement, the outlook for overall demand remains uncertain and the timing and magnitude of sustained economic recovery remains difficult to forecast,'' he said.

U.S. Steel still sees each of its businesses posting an operating loss for the July-September period, Surma said.

The company has laid off thousands of workers and temporarily idled plants since late last year, when steel demand began plunging amid the credit crisis and economic slowdown.

Since the steel market deteriorated late last year, the company has scaled back production, laid off thousands of workers and reduced costs. And while steel production has risen recently to fill orders from manufacturers and distributors who are trying to rebuild inventories, some analysts wonder if U.S. Steel is planning deeper cuts.

Asked whether U.S. Steel would consider permanently closing plants, Surma said in a conference call: ''Things are just so opaque in the market that it's really hard for us to reach a conclusion on that right now. We're looking at it, studying it, considering what the effects are one way or the other.''

In April, U.S. Steel posted its first quarterly loss in more than five years, citing anemic demand, and announced steps to cut costs and raise capital.

Argus Research analyst Bill Selesky said the company's outlook was somewhat cautious.

''They don't see demand picking up too much going forward, but ... the good thing is they think operating rates are going to get a little bit better,'' he said.

Goldman Sachs analyst Sal Tharani said U.S. Steel should benefit from rising flat-rolled steel prices and recovering auto and appliance markets, among other things. He upgraded the stock to ''Buy'' from ''Neutral.''

News of U.S. Steel's loss comes days after other domestic steelmakers reported quarterly losses. Nucor Corp last week posted a second straight quarterly loss. AK Steel Holding Corp., a supplier to the automotive industry, posted its third.

''The good news is that things aren't getting substantially worse, they're starting to stabilize, but the bad news is they're not seeing a pickup in volume,'' John Anton, a steel economist with IHS Global Insight, said Monday.

Output at U.S. mills rose recently to just above 50 percent of capacity after plunging late last year to their lowest levels in more than two decades.

KeyBanc Capital Markets analyst Mark L. Parr said the U.S. steel industry has been operating ''well below the level of real demand,'' and that his firm thinks operating rates could rise to about 65 percent of capacity as new orders come in.

''What you will see is a pickup in steel production,'' he said. ''It's not a reflection of increased demand, but an end to destocking.''

Shares of U.S. Steel shares slid 92 cents, or 2.2 percent, to close at $40.35.
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  #165  
Old Posted Aug 5, 2009, 4:18 PM
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Lakeside Steel making bid for Stelco

August 05, 2009
Naomi Powell
Hamilton Spectator
http://www.thespec.com/News/BreakingNews/article/612829

Lakeside Steel Inc. is looking to buy the former Stelco from U.S. Steel.

The Welland-based pipemaker has filed a motion with the Federal Court of Canada seeking to “repatriate” the steelmaker by intervening in the Canadian government’s lawsuit against Pittsburgh-based U.S. Steel.

If its takeover attempt is successful, Lakeside says it will reopen the Canadian plants immediately will abide by the production and employment commitments laid out by the Canadian government when U.S. Steel bought Stelco in 2007.

Industry Minister Tony Clement has asked the Federal Court of Canada to order U.S. Steel to live up to those promises or face fines of $10,000 a day.

“The Lakeside alternative being proposed to the Court would repatriate a former Canadian icon and resume operations immediately at the Hamilton and Nanticoke facilities,” Vic Alboini, CEO of Lakeside said in a release. “We believe this is a viable business solution to address the difficult reality at US Steel Canada.”

Lakeside has not suggested any purchase price for the former Stelco.
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  #166  
Old Posted Aug 5, 2009, 9:57 PM
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That would be pretty cool if it were called Stelco again. Would be great to get bring the name back to the Hammer.
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  #167  
Old Posted Aug 5, 2009, 10:37 PM
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It's kinda funny since Lakeside was a unit that Stelco used to own in the past. Stelco sold it off before US Steel took over. Now Lakeside wants to buy Stelco over.
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  #168  
Old Posted Aug 6, 2009, 1:42 PM
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Originally Posted by matt602 View Post
That would be pretty cool if it were called Stelco again. Would be great to get bring the name back to the Hammer.

I think it'll be called Stelco for a long time still. I know my grandma still says "Simpson Sears".
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  #169  
Old Posted Aug 21, 2009, 9:14 PM
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U.S. Steel preparing blast furnace
No date on potential restart: Union

August 21, 2009
Naomi Powell
http://www.thespec.com/News/BreakingNews/article/622334

U.S. Steel is preparing to restart its Hamilton blast furnace, nearly nine months after it was shut down due to slumping demand.

The firm has performed extensive maintenance and applied heat to the furnace - a final step before ironmaking begins, said Rolf Gerstenberger, president of the United Steelworkers union at the plant.

Despite these steps, Gerstenberger remains cautious about when steelmaking will resume at the plant.

“When they put coke and iron ore in the furnace, that’s when we’ll really be running again,” he said. “Until then, they could still change their minds.”

Though the union has been given no official timeline, the furnace could begin producing hot metal within days, he added.

The firm recalled its entire Hamilton workforce in July. With production shut down, about 950 workers have been mainly working on maintenance and painting projects. A restart of the plant would see them return to jobs on the blast furnace and associated operations.

U.S. Steel mothballed the Hamilton furnace in November and subsequently shuttered all Canadian operations, citing a lack of demand.

The Pittsburgh firm is now being sued by the Canadian government over the move, which Industry Minister Tony Clement claims violated commitments made by U.S. Steel when it bought Stelco in 2007.

It is unclear how a potential restart of the Hamilton operations would affect the lawsuit. According to legal documents filed by the Canadian government, U.S. Steel promised to produce 4.35 million tons of steel each year and employ 3,100 people.

With the firm’s Nanticoke plant still closed, the firm would fall far short of those targets even if production resumed in Hamilton.

U.S. Steel has locked out 1,000 workers at Lake Erie Works in Nanticoke after labour talks hit an impasse.

Union leaders say they’ve had no communication with the company since the lockout began on Aug.4.

The developments in Hamilton come as ArcelorMittal prepares to restart furnaces in Indiana and Ohio, in response to improving demand. Though steel producers had been devastated by a steep downturn in demand for cars, construction and manufactured goods, the industry has seen some signs of improvement in recent months. North American steel production increased to 6.9 million tons in July, up from 6.2million tons in June but still 40 per cent lower compared to the same month last year.

U.S. Steel declined to comment.
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  #170  
Old Posted Aug 22, 2009, 5:40 PM
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Lakeside aims to return Stelco to Canadian ownership

August 22, 2009
Naomi Powell
The Hamilton Spectator
WELLAND
http://www.thespec.com/News/Local/article/622819

Vic Alboini stepped up to the wooden podium of the local community centre, microphone in hand.

Before him, 150 employees of Lakeside Steel were settling in, many just off an eight-hour shift, to hear what the new owner had to say.

Alboini pointed to the heavens and referenced his late father, an Italian immigrant who landed one of his first jobs in the steel mills of Hamilton's Stelco.

Now was a time of opportunity, he told the workers. They could help shape Lakeside's future. One day, he mused, Lakeside might even acquire Stelco. Inside the red-brick building, the workers laughed.

It was June 2006. Alboini had just invested in Lakeside, a steel-pipe and tube factory on the outskirts of Welland. Less than a year earlier, the firm had been known as Stelpipe, a subsidiary of the very same Canadian steel giant Alboini was now talking about buying: Stelco.

Three years later, Alboini and Lakeside are acting on the idea.

On Aug. 31, the Federal Court of Canada will hear Lakeside's request for intervener status in the Canadian government's lawsuit against U.S. Steel, a case that accuses the Pittsburgh steelmaker of violating promises it made when it bought Stelco in 2007. U.S. Steel shut down its Canadian operations in March because of slumping steel demand.

Lakeside wants the court to force U.S. Steel to sell Stelco and has put itself forward as a potential buyer.

Alboini, a lawyer turned investment banker, and Lakeside CEO Ron Bedard say the move is both practical and patriotic.

Lakeside's ownership of Stelco would be a chance to "repatriate a Canadian icon," they say, and also shore up steel supplies for Lakeside and Royal Laser, a manufacturer owned in part by Alboini's Jaguar Financial.

"Our objective is to create a North American icon but housed in Canada, operated in Canada," said Alboini.

"There's no reason why a Canadian firm can't participate along those lines."

All the same, the idea is once again raising eyebrows.

On the surface, at least, the proposed combination amounts to a mouse swallowing an elephant. Lakeside's workforce is less than one-fifth the size of Stelco's; its facilities are capable of producing only 5 per cent of what Stelco churns out annually.

In other words, the company is too small to act on its own. Though he's declined to identify them, Alboini said Lakeside has lined up a pair of institutional investors, each large enough on its own to "write a cheque for the full amount of the purchase price."

But that price would have to be right, he said, and certainly less than the $1.2 billion U.S. Steel shelled out for Stelco.

"Stelco could be worth zero or $300 million, we don't know," he said.

Then there are the legal obstacles.

U.S. Steel has declined to comment on Lakeside's move and has not shown any interest in selling its Canadian assets.

For Lakeside to get a shot at Stelco, the court would have to order U.S. Steel to put the steelmaker on the auction block.

The Canadian government has never taken a foreign investor to court for breaching purchase commitments, never mind forcing one to sell its assets.

As it stands, Industry Minister Tony Clement has only asked the court to order U.S. Steel to re-open the plants or face daily fines $10,000.

"It would be a very draconian step to order a sale," said Michael Hart, a professor in the Norman Paterson School for International Affairs at Carleton University. "And the courts are not likely to choose an extreme remedy when a lesser one is available. "

Even Alboini isn't sure the takeover will succeed.

"Look, we may not end up with Stelco, we may only be the catalyst for someone else to come in and overpay or jump in front of the line," he said. "If that happens, it's still a good cause."

Alboini grew up on Edgemont Street in Hamilton's east end, where he attended Bishop Ryan Catholic Secondary School. He earned his law degree at the University of Toronto and worked for several years at the law firm McCarthy & McCarthy (now McCarthy Tetrault) before going into investment banking.

Though his Hamilton roots have played a role in his Stelco bid, they aren't the only thing driving it, he said.

His role, he said "is to initiate and co-ordinate what I consider to be a very important debate on public policy and how we treat foreign companies."

Lakeside Steel sits just outside downtown Welland, a city of 50,000 residents that once looked to manufacturing as its lifeblood. In its heyday, one-fifth of the population earned their living in the city's factories.

"They were our whole world," said Dolores Fabiano, executive director of Welland-Pelham Chamber of Commerce. "Today, at best, there might be 2,500 manufacturing jobs."

One by one, they packed up and left: Union Carbide, Atlas Steel, and more recently John Deere -- a closure that stripped 800 jobs out of Welland last September.

Lakeside, a campus of industrial buildings on Dain Avenue, is one of the few manufacturers left. And for a city now used to watching firms head for the exit, it's doing something rare: it's growing.

By this fall, Lakeside will have finished construction on a new facility used to thread pipe. Stelco shut down the operation years ago and sold off the equipment, opting to have their pipe threaded in Texas instead.

For Ron Bedard, a Stelco veteran who joined Lakeside in February 2008, it made more sense to bring the operation home than to spend an estimated $5 million a year shipping pipe. He hopes to add another finishing facility soon, one that could bring another 60 jobs back from Texas.

"If we were a multinational, I don't know that I'd be looking at repatriating those jobs to Welland," he said. "But we're not a multinational -- we're Canadian, and it makes sense to have those jobs here in Ontario where if we have issues we can reach out and deal with them. They're jobs in the communities that we live in. And ultimately they feed other jobs."

Bedard grew up in a mining family in Sudbury. His father spent 30 years underground with Inco, and his grandfather spent 40 years at Falconbridge.

Bedard now lives in Townsend, a small residential community just a few kilometres from Stelco's Lake Erie plant. He spent 10 years at Stelco, eventually running the primary steelmaking operations in Hamilton.

If Lakeside were to win Stelco, he said, it would immediately restart production. But could Lakeside immediately meet the production commitments U.S. Steel made when it bought Stelco? According to court documents, the Pittsburgh-based steelmaker promised to produce 4.35 million tons a year and employ an average of 3,100 workers.

"We believe we'd have to grow to meet those commitments, but certainly we'd start in earnest in returning the facilities to full employment and full productivity," he said.

Lakeside has already had discussions with the United Steelworkers union at Stelco's Lake Erie plant, where workers have been locked out since Aug. 4 due to a labour dispute.

"We're cautiously optimistic, and we're anxious to learn more," said Tony De Paulo, area co-ordinator for the union.

Union leaders at Stelco's Hamilton plant have declined to comment on the bid.

In the steel industry, where "bigger is better" has long been the driving philosophy, Bedard is backing a different business model. Rather than build a steel giant, he wants to establish a vertically integrated Canadian conglomerate -- a company that includes not just steel producers, but steel users.

Though Stelco is the ideal target, Bedard said Lakeside will pursue other steel mills if that purchase doesn't work out.

The idea, he said, is not to buy and sell for quick profit, but to build a Canadian champion, one acquisition at a time.

Royal Laser and Lakeside combined with a set of additional acquisitions would provide enough demand to keep the Lake Erie facility running. Royal Laser manufactures metal products and also owns Toronto-based steel service centre Venture Steel. Lakeside produces steel pipe and tubing for the automotive, mining and oil and gas industries.

"We're a small player, and we'd be a small player with Stelco, so there's challenges related to procurement and raw materials and whatnot," said Bedard. "But there are other small players out there still doing well in the industry."

He points to AK Steel, one of the few U.S. steelmakers not swept up by bigger players during the steel industry's consolidation binge.

"If we were an American company, people around us wouldn't think anything of this," he said.

"There are American companies who buy their competition and grow every day."
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  #171  
Old Posted Aug 22, 2009, 10:09 PM
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I saw a flame over Stelco today. I haven't seen one is a while it was good to see, must be the blast furnace that was started.
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  #172  
Old Posted Aug 25, 2009, 1:43 AM
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The blast furnace is being heated up. Barring any problems firing it up, production at Stelco - er, U.S. Steel Hamilton Works - will resume this week.

I drove by it over the weekend and noticed the buildings all being freshly painted U.S. Steel blue.
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  #173  
Old Posted Aug 27, 2009, 8:18 PM
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U.S. Steel to fire up blast furnace tomorrow

Naomi Powell
Hamilton Spectator
http://www.thespec.com/News/BreakingNews/article/625609
U.S. Steel says it will revive its Hamilton blast furnace tomorrow, ending a nine-month shutdown of the operation.

The firm mothballed the Hamilton furnace last November and subsequently shuttered all Canadian operations in March, citing a lack of demand.

“Primary operations in Hamilton are coming back online ,” said U.S. Steel spokesperson Trevor Harris.

The firm has no plans to restart its plant in Nanticoke, Ont., however, where about 1,000 workers are locked out due to a labour dispute.

The Hamilton restart comes as U.S Steel is faces a lawsuit from the Canadian government over the shutdown of the former Stelco.  The government claims the move violated the job and production commitments U.S. Steel made when bought the former Stelco in 2007.

It is unclear how the return to production will affect the lawsuit. According to court documents filed by the government, U.S. Steel promised to produce 4.35 million tons of steel each year and employ and average 3,100 workers.

With the Nanticoke operations still on ice, it is unlikely that the firm could meet either of those targets, even on an annualized basis.

In a statement, U.S. Steel said the decision to resume production in Hamilton “represents a commitment from (U.S. Steel) to its Canadian business.”

U.S. Steel recalled its entire Hamilton workforce in July but with steelmaking shut down, about 950 employees were assigned to maintenance and painting projects. The restart will see the majority of workers return to jobs on the blast furnace and associated operations.
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  #174  
Old Posted Aug 28, 2009, 4:11 PM
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This will give the city a good shot in the arm. Not only does the steel production put a couple thousand people back inside the gates at Depew, it will boost other local employers like Lafarge, CN, the Port Authority, and dozens of smaller businesses and service providers that have been impacted by the layoffs.
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  #175  
Old Posted Aug 28, 2009, 4:28 PM
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Nice to see all the cars pulling into work at CH News this morning.
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  #176  
Old Posted Aug 31, 2009, 7:48 PM
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Ottawa backs Lakeside in Stelco fight
Will to grant firm, steelworkers limited status

August 31, 2009
Naomi Powell
Hamilton Spectator
http://www.thespec.com/News/BreakingNews/article/626421
A bid by Lakeside Steel and the steelworkers union for intervenor status in the federal hearing into the shutdown of Stelco has won limited support from Ottawa.

The Federal Court is hearing requests from the two to intervene in the Canadian government's court battle with U.S. Steel over the layoff of hundreds of workers this year.

Canadian Industry Minister Tony Clement has asked the court to force the American company to live up to job commitments it made two years ago to get government approval for its $1 billion takeover of Stelco.

The government says the involvement of the two is "appropriate" provided it is restricted to matters related to the punishment sought in the hearing.

U.S. Steel opposes the requests for intervenor status, arguing they are motivated by private economic interest.

Ottawa is seeking an order that U.S. Steel live up to its production and employment commitments or face a penalty of $10,000 a day.

Lakeside Steel has said it hopes to intervene in the court case and take over U.S. Steel's Canadian operations, which include facilities in Hamilton and Nanticoke.

Lakeside says its intervention would be in the public interest, as the temporary closure of most of U.S. Steel's Canadian operations has affected its customers and the steel market as a whole.

It would be "very difficult" to control the hearings in a timely manner, said U.S. Steel lawyer Michael Barrack. If Lakeside is allowed to intervene based on its relationship as a customer, there is nothing to stop dozens of other customers seeking the same status, he said.

"It would be open season," said Barrack.

The United Steelworkers union says it should have a voice in the court proceedings because its members are the people who have been directly affected by the shutdown of the U.S. Steel's Canadian operations.

The Pittsburgh company shut the its Ontario operations this spring, with the loss of 1,500 jobs, amid a major downturn in the auto industry and other sectors that use steel produced at the plants.
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  #177  
Old Posted Apr 8, 2010, 10:46 PM
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U.S. Steel, locked-out workers in Nanticoke reach tentative deal

April 08, 2010
Canadian Press
http://www.thespec.com/News/BreakingNews/article/750208

NANTICOKE, Ont. — A tentative agreement has been reached between the United Steelworkers and U.S. Steel after a lengthy lockout.

Workers at the company’s Lake Erie Works plant in Nanticoke have been locked out for more than eight months.

United Steelworkers Local 8782 says today details of the deal will be presented to its membership on Monday at the Port Dover Community Centre.

It says a ratification vote will take place next Thursday.

About 800 workers were laid off from the Lake Erie Works plant in March 2009 while the remaining 200 workers were locked out in August after contract negotiations collapsed.

U.S. Steel, which also operates a plant in Hamilton, is embroiled in an ongoing legal dispute with the federal government for allegedly breaking employment and production promises it made when it bought the former Stelco in 2006.
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  #178  
Old Posted Apr 28, 2010, 4:20 PM
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U.S. Steel selling two Hamilton mills
German company buying properties

April 28, 2010
John Burman
http://www.thespec.com/News/BreakingNews/article/759930

U.S. Steel Canada Inc. will sell its Hamilton Works No. 1 bar mill and No. 3 bloom and billet mill to Max Aicher (North America) Inc., a wholly owned subsidiary of its German parent.

The company announced mid morning the transaction is subject to government approvals and other conditions.

U.S. Steel did not disclose the price Max Aicher will pay.

The company said in a statement the rest of U.S. Steel’s Hamilton operations will not be affected by the sale.

“This transaction allows U. S. Steel Canada to put continued emphasis and focus on our core operations, further strengthening our position as a leading producer of value-added flat-roll products at our facilities in Hamilton and Nanticoke,” the company said in a statement.
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  #179  
Old Posted Apr 28, 2010, 11:04 PM
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Hundreds of steel jobs to return

Ken Mann
4/28/2010
http://www.900chml.com/Channels/Reg/...spx?ID=1223867

Hundreds of jobs are about to return within the local steel industry.

U.S Steel has announced that it has sold a pair of idle Hamilton mills to Germany's Max Aicher, which will restore them as state-of-the-art manufacturing operations and return them to full production.

Mayor Eisenberger says the city's economic development department has played a major role in the announcement, which has been in the works for some time.

He predicts that about 350 jobs will return to a sector that is "on its way back from a significant decline".

U. S. Steel says the sale, which involves its Number 1 Bar Mill and the Number 3 Bloom and Billet Mill and is still subject to regulatory approval, will allow it to focus on "core operations" and strengthen its position as a leading producer of value-added flat-roll products.

The two steel companies have not released the cost of the transaction.
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  #180  
Old Posted Apr 29, 2010, 2:03 AM
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Needs more coffee...
 
Join Date: Mar 2008
Location: Hamilton
Posts: 837
The longer the steel industry keeps being shocked back to life, only to slip into a coma again... the longer it will take for the city to wake up.

Even if we had five thousand steel jobs that would not bring about the transformation needed in this city.

Even if steel was a major part of our economy again, it would not drive the change in multiple types of employment needed, and would still be a polluting, inefficient use of those lands that keeps them an eyesore to the world.
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