Essar Steel Algoma
Value of KPS’s joint bid with several lenders not disclosed.
Commodity prices bite as steel prices plummet by more than half.
Regulation allows for fixed payments over the next three years and extends amortization period to 2024.
Alleges Canadian production of hot-rolled carbon and high-strength low-alloy steel plate product is harmed.
Blamed on lower volumes, selling prices, higher cost, tax losses.
Incidents involved burns from a molten steel and a fireball, a fall and a falling cart.