Posted AT 11:13 AM EST on 28/03/08
Steel giants clash in court over Labrador iron ore mine
The two global steel giants that snapped up Canada's two largest steel makers are battling in court over a soured deal involving a jointly owned iron ore mine in Labrador.
ArcelorMittal Dofasco Inc. is suing U.S. Steel Canada Inc. (the former Stelco Inc.) and mining company Cleveland-Cliffs Inc. after ArcelorMittal's an agreement to buy out its two partners in the iron ore mine collapsed.
The suit seeks $427-million in damages and a court order forcing U.S.
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