Algoma Steel Inc. of Canada, and Siderca S.A. of Argentina, one of the DST companies, have signed a preliminary agreement pursuant to which they have undertaken to further negotiate the terms under which Siderca, through a newly incorporated Canadian affiliate, controlled by, or under common control with Siderca, would lease and operate Algoma's seamless steel pipe manufacturing facilities in Sault Ste. Marie, Ontario, Canada.Algoma Steel is Canada's third-largest integrated steel producer. Siderca, through its participation with Dalmine S.p.A. of Italy and Tubos de Acero de Mexico S.A. of Mexico (TAMSA), is part of the DST Group which is a member of Techint Group. The new Canadia...

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