Stelco was a major steel producer based in Hamilton, Ontario. Due to a downturn in the steel market, Stelco sought protection under the CCAA.
We acted as a court-appointed financial consultant to a key stakeholder group. In this capacity, we reviewed and commented on a number of strategic plans involving Stelco’s automotive-focused business. We created a successful low-risk proposal, and the client group received 100% of its claim.