Slater Sells Welland Mill

The former Slater Steel Inc. of Mississauga, Ontario, Canada, is selling its Welland, Ontario, electric arc furnace mill to a group of investors based in the U.S.

According to a Canadian Press report, the group of U.S.-based investors purchased the Atlas Specialty Steels Welland mill under the name Centre Steel Holdings Ltd.

Executives selling off assets of the now defunct Slater Steel Inc. have already sold a Hamilton, Ontario, mill to a group of New York-based investors and a Lemont, Ill., mill to another group of investors. Slater’s former Sorel Forge division has also been sold to a holding company.