National Steel Corporation Files for Bankruptcy in Northern District of Illinois.
ByAinvest
Saturday, Jan 17, 2026 12:49 pm ET1min read
SID--
National Steel Corporation and related entities filed for Chapter 11 bankruptcy in the Northern District of Illinois. The companies cited increasing competition, declining demand, and significant debt as reasons for the filing. The bankruptcy court appointed a trustee to oversee the companies' financial restructuring.
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