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Foundry Daily News

Salzgitter says

to acquire Canada's Algoma Steel

Salzgitter AG issued a statement last night stating that it is in talks to acquire Canada's Algoma Steel Inc.

'The discussions are at a very preliminary stage,' Salzgitter said in the statement.

'There can be no assurance that an acquisition will take place. Furthermore, there is no agreement as to the price at which an acquisition would be made if it does take place.

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