Industry Minister Presses Stelco’s U.S. Owner to Present Job-Saving Plan in 5 Days
Ottawa is demanding a compliance plan after Cleveland-Cliffs said it would lay off up to 500 Stelco workers and shut its galvanized steel business.
- On Monday, Industry Minister Mélanie Joly expressed "extreme disappointment" in a letter to Stelco president Paul Simon, demanding Cleveland-Cliffs provide a compliance plan within five days under the Investment Canada Act.
- Cliffs announced last week it intends to lay off up to 500 workers at the Hamilton-based steel plant, blaming the decision on an inability to sell into the U.S. market due to 50-per-cent tariffs.
- Federal approval for the $3.4-billion acquisition of Stelco Holdings Inc. in 2024 included binding conditions that Joly stated do not expire simply because "business strategy or market conditions have changed."
- If Cleveland-Cliffs fails to comply, Ottawa may pursue legal action under the Act, which provides remedies including court-ordered compliance, monetary penalties, or divestiture of the steelmaker.
- The Cleveland-Cliffs CEO questioned the logic of potential litigation, stating she trusts "such steps will not be necessary" as the company navigates ongoing market pressures.
27 Articles
27 Articles
Ottawa Gives Stelco’s US Owner 5 Business Days to Present Jobs Plan
Minister of Industry Melanie Joly speaks as Minister of Finance and National Revenue Francois-Philippe Champagne looks on, during a news conference on Canada's response to U.S. tariffs, at a roofing company in Ottawa, on Aug. 25, 2026. (The Canadian Press/Justin Tang)
The Toronto Star
Industry minister presses Stelco’s U.S. owner to present job-saving plan in 5 days
OTTAWA - The federal government is turning up the heat on the U.S. owner of Stelco Holdings Inc. over impending layoffs at the Hamilton, Ont.-based steel plant.
Winnipeg Free Press
Industry minister presses Stelco's U.S. owner to present job-saving plan in 5 days
OTTAWA - The federal government is turning up the heat on the U.S. owner of Stelco Holdings Inc. over impending layoffs at the Hamilton-based steel plant.
Canadian Minister of Industry Melanie Joly threatened to sue the U.S. company Cleveland-Cliffs, owner of the Stelco steelworks in Hamilton.
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