Dofasco Integration With Arcelor-Mittal to Proceed
HAMILTON, ON, Feb. 20: Dofasco President and Chief Executive Officer Jacques Chabanier announced today that, now that the US Department of Justice has required Arcelor-Mittal to divest its Sparrows Point facility, Dofasco's integration with Arcelor-Mittal can proceed.
"Proceeding with the integration of Dofasco and Arcelor-Mittal will allow Dofasco to benefit from being part of a larger North American business and a global leader. It will improve our competitive position in North America, and put Dofasco on a stronger footing in our markets in terms of our ability to serve our customers in this era of steel industry consolidation. Dofasco will be more sustainable as part of the world's leading steel company," said Mr. Chabanier.
He continued, "Dofasco has an exemplary history of leadership in Canada and in its host communities, and with the completion of the ownership transition process, Dofasco is best positioned to continue this leadership."
Dofasco is a leading North American steel solutions provider. Product lines include hot rolled, cold rolled, galvanized, Extragal(TM), Galvalume(TM) and tinplate flat rolled steels, as well as tubular products and laser-welded blanks. Dofasco's wide range of steel products is sold to customers in the automotive, construction, energy, manufacturing, pipe and tube, appliance, packaging and steel distribution industries.
Source: Dofasco Inc.
CONTACT: Gordon Forstner, (905) 548-7200 ext. 2200
