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Oct 9 (Reuters) - United States Steel Corp said on Friday the Ontario Superior Court of Justice has approved the separation of the company from its Canadian unit. The U.S. steelmaker said that it will not be generating any sales on behalf of U.S. Steel Canada and will help the Canadian unit with the transition process. According to the agreement, the Canadian unit could enter a new sale or restructuring process. Pittsburgh-based steelmaker had applied for relief from creditors under Canada's Companies' Creditors Arrangement Act for its Canadian operations last year, after reporting a total operating loss of about $2.4 billion. U.S. Steel's shares close at $12.38 on Friday. The stock had lost more than half its value this year. (Reporting by Sneha Banerjee in Bengaluru; Editing by Bernard Orr)
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United States Steel Corporation
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CODE : X |
ISIN : US9129091081 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
United States Steel is a iron and tin producing company based in United states of america. United States Steel is listed in United States of America. Its market capitalisation is US$ 6.6 billions as of today (€ 6.2 billions). Its stock quote reached its lowest recent point on March 28, 2003 at US$ 10.01, and its highest recent level on November 30, 2007 at US$ 98.85. United States Steel has 176 184 431 shares outstanding. |