After nearly declaring bankruptcy, Stelco returned to profitability in 2004 and on August 26,2007 United States Steel Corporation acquired Stelco for C $38.50 in cash per share, owning more than 76 percent of Stelco's outstanding shares.
Stelco returned to profitability in 2004 and on August 26,2007 United States Steel Corporation acquired Stelco for C $38.50 in cash per share, owning more than 76 percent of Stelco's outstanding shares. This was after nearly declaring bankruptcy.