EssarSteel1-230x117   The Globe and Mail is reporting that the Essar Group has been ruled out as a potential bidder of the local steelmaker—–that according to sources familar with Essar Steel Algoma’s restructuring process.  Ontario Superior Court Justice Frank Newbould issued a judgement earlier this week that in effect disqualified an unidentified bidder. The report goes on to say that Justice Newbould rejected a bid by the United Steelworkers union to force those controlling the restructuring process to include the Essar Group in the 2nd phase of the sales process, from which a winning bidder is expected to be chosen.  It had earlier been reported that the Essar Group of India has also made a bid to purchase US Steel Canada in Hamilton which is also going through a court supervised restructuring process.