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US Steel Canada's President says the company had no other option but to seek court protection from it's creditors. Michael McQuade says it owes almost two billion dollars more than it's worth. He tells the Hamilton Spectator,  in the last few weeks US Steel Canada faced the prospect of immediately losing the supply of some of it's raw materials and the possibility of the shutdown of its operations. Some suppliers were seeking immediate payment of outstanding balances or shortened terms...


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