Stelco restructuring motions adjourned

By Caroline Salls

Pittsburgh, Aug. 19 - Stelco Inc. said the Ontario Superior Court of Justice adjourned motions in the company's court-supervised restructuring, according to a company news release.

The request to adjourn was made by the court-appointed monitor with the consent of the steelworkers' union, which filed the adjourned motions.

No future hearing date has been scheduled.

Stelco president and chief executive officer Courtney Pratt, said in the release, "We continue to pursue a restructuring plan that is achievable, fair and reasonable for all stakeholders."

Stelco, a Hamilton, Ont.-based steel company, filed for bankruptcy under the Companies, Creditors Arrangement Act on Jan. 29, 2004. Its case number is 04-54306.

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