Stelco has filed initial paperwork to take the steelmaking company public, nearly three months after emerging from bankruptcy protection. The Hamilton-based company said Wednesday it plans to use capital raised in the offering to fund:Capital improvements to increase production capabilities. The company notes, however, that it "is committed to a cooperative and productive relationship with the company's unions." "The stated intentions of the owners to maintain their involvement and commit to new capital investments in the company's operations is particularly welcome," they continued. "This is an iconic brand with a rich history in Hamilton and the province of Ontario and we're going to restore that," he said of Stelco.

Source: CBC News September 27, 2017 22:29 UTC