Stelco earns bankruptcy protection extension

Stelco earns bankruptcy protection extension

Canadian steel producer Stelco Inc announced that the Ontario Superior Court of Justice extended the bankruptcy protection of the company until April 29, 2005. The protection was scheduled to expire on February 11, 2005. The extension of the bankruptcy protection will provide Stelco time to continue negotiations with its stakeholders and complete asset sales as a part of restructuring process.