Financial Times FT.com

Canada takes US Steel to court over cuts

By Christopher Mason in Ottawa

Published: July 17 2009 23:03 | Last updated: July 17 2009 23:03

The Canadian government took US Steel Corp to court on Friday, accusing it of breaking commitments to maintain production at Stelco Inc, made when US Steel took over Hamilton, Ontario-based Stelco in 2007.

Tony Clement, industry minister, said in a statement on Friday that as part of the agreement to grant regulatory approval for the $1.1bn takeover, US Steel “committed to a series of undertakings regarding, among others, capital expenditures, research and development, and production”.

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