Essar Steel Minnesota files for Chapter 11 bankruptcy

July 10, 2016 11:03 AM

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Essar Steel Minnesota files for Chapter 11 bankruptcy

Essar Steel Minnesota, a sister company to Essar Steel Algoma and an expected future supplier of taconite to the Sault steelmaker, has filed for U.S. Chapter 11 bankruptcy protection, Minnesota news media are reporting.

The action was taken after Minnesota Governor Mark Dayton terminated Essar's lease agreements with the state Friday.

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