Buyers want U.S. Steel Canada and Essar Steel Algoma to merge

摘要

Potential buyers of U.S. Steel Canada and Essar Steel Algoma, both under creditor protection and on sale, are interestedin merging of the companies. The combination of the two producers may cause a synergy and let a newly-established company be competitive, marketparticipants believe. According to Bloomberg, ERP Compliant Fuels has bid about $1.5 billion for USSC, including debt.