Essar Steel in Sault Ste. Marie has been given an extra month to complete its restructuring. The steelmaker was the have finished the process in August but a judge has extended the deadline to mid-September. Essar went into restructuring mode at a time when it owes more than $40-million to about 120 businesses in the Sault. The figure includes $14-million in back taxes to the city. Steel dumping and historically low steel prices are two major reasons why Essar is restructuring.
