The Globe and Mail reports in its Saturday edition that Stelco Holdings is potentially jumping into the bidding war for United States Steel Corp., with analysts predicting the Hamilton, Ont., company has its eye on foundries and mines its former parent may be forced to sell to win regulatory approval for a deal. The Globe's Andrew Willis writes that in August, one of North America's largest steelmakers, Cleveland-Cliffs Inc., put U.S. Steel in play by making a hostile, $7.25-billion (U.S.) offer, made up of cash and stock. Since then, several other companies have joined the hunt, with steel distributor Esmark Inc. submitting a $7.8-billion (U.S.) all-cash bid. Stelco, backed by an unnamed partner, is considering an offer. Stelco declined to comment on the record. "Given the list of potential bidders, it does not come as a huge surprise that Stelco may be looking at U.S. Steel," said analyst Michael Doumet at Scotia Capital in a report. However, analysts said Stelco faces significant challenges, as it is far smaller than U.S. Steel and other potential suitors. In addition, the United Steelworkers union has the right to buy U.S. Steel. Stelco's largest shareholder is Fairfax Financial with a 24-per-cent share.