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ArcelorMittal laying off 153 workers in Hamilton as Trump tariffs hammer the steel industry

ArcelorMittal Long Products Canada announced on Wednesday it will permanently close its Hamilton wire drawing mill, affecting 153 jobs and consolidating operations in Montreal.
The closure follows increased U.S. tariffs on steel doubled to 50 per cent last week, which the company is grappling with amid broader industry challenges and geopolitical uncertainty.
CEO Stephane Brochu said the shutdown aims to strengthen competitiveness and ensure long-term profitability for wire drawing activities, while emphasizing support for affected employees.
Industry Minister Mélanie Joly stated that the federal government is injecting funds into Canadian steel manufacturers to safeguard jobs and intends to take measures against the dumping of foreign steel that threatens local producers.
The shutdown highlights ongoing stress in the Canadian steel sector from tariffs and competition, signaling further consolidation and potential job risks despite government interventions.

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The Times of Northwest Indiana

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ArcelorMittal, whose North American operations are headquartered in Schererville, made a profit of $9.3 billion last year, down from $14.96 billion the previous year.

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Bowen Island Undercurrent

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ArcelorMittal Long Products Canada closing wire drawing mill in Hamilton

HAMILTON — ArcelorMittal Long Products Canada is closing its wire drawing mill in Hamilton, putting 153 employees out of work. The company said Wednesday all of the work will now be done at its Montreal location.

2 days ago

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