STELCO <STEA.TO> IN VENTURE WITH ARMCO <AS>
Stelco Inc said it formed a 15 mln U.S.
dlr joint venture with Northern Automatic Electric Foundry, a
wholly owned unit of Armco Inc, to produce cast grinding media
and mill lines for the mining industry worldwide.
    The venture will operate M E International, a new company
based in Minneapolis, Minn., pooling the assets of a Northern
Automatic grinding media foundry in Ishpeming, Mich., Evans
Duluth Steel Castings Co in Duluth, Minn., and Minneapolis
Electric Steel Castings Co in Minneapolis.
    Armco and Stelco operate another joint venture which
produces forged grinding media at Kamloops, British Columbia.
 Reuter
