Stelco is reportedly considering making an offer for U.S. Steel, the major Region employer that put itself up for sale after rejecting a $7.3 billion bid from rival Cleveland-Cliffs.

Hamilton, Ontario-based Stelco is an integrated steelmaker that makes coated, cold-rolled and hot-rolled steel products, along with pig iron and metallurgical coke. It supplies the automotive, appliance, construction, energy and pipe and tube industries across North America, also supplying the service centers that process and distribute steel from the mills.

Stelco is reportedly interested in acquiring all of U.S. Steel to grow its automotive business, according to Bloomberg. U.S. Steel is a major supplier to virtually every automaker with U.S. manufacturing plants.

U.S. Steel, long the largest steelmaker in the world and the world's first billion-dollar company, is taking bids for all or part of the company after Cleveland-Cliffs tried to buy it out to become the last integrated steelmaker left in the United States. U.S. Steel rejected the bid because of a dispute over valuation, refusing the accept Cleveland-Cliffs' demand that the financial terms be agreed to before they sat down to negotiate further.