Menu

Essar Steel Algoma Inc.

The firm is U.S. counsel to the Canadian monitor appointed in the CCAA proceeding of Essar Steel Algoma Inc., a Canadian steelmaker that sought protection in the both the Canadian and U.S. courts amid an extended contract dispute with ore supplier Cliffs Natural Resources Inc., in connection with the related chapter 15 case filed in Delaware. With debt of more than $1 billion, Essar has struggled with falling prices of steel and supply uncertainty due to the dispute with Cliffs.