Cleveland-Cliffs CEO Says Stelco Workers Would Be Recalled if Trade Deal Reached
Goncalves said 350 workers could return if Canada and the United States reach a steel trade deal, as Stelco faces up to 500 layoffs.
- Cleveland-Cliffs CEO Lourenco Goncalves stated Thursday that hundreds of Stelco employees facing temporary layoffs will be recalled once a steel trade deal is reached between Canada and the United States.
- Stelco announced plans last week to lay off up to 500 workers across its Hamilton and Lake Erie facilities, citing ongoing trade disputes, weak demand, and continued import pressure.
- On Monday, Industry Minister Mélanie Joly demanded that Cleveland-Cliffs provide a plan to honor acquisition commitments, rejecting the company's claim that U.S. tariffs relieve those obligations.
- United Steelworkers local 1005 president Ron Wells said Hamilton plant workers feel betrayed, describing the situation as a "manufactured crisis" to secure favorable trade terms.
- Calling Joly's criticism "totally unfair," Goncalves defended his "Fortress North America" approach, arguing that U.S. tariffs represent the most successful trade policy implemented in the United States.
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Rocky Mountain Outlook
Cleveland-Cliffs CEO says Stelco workers to be recalled if steel trade deal reached
The chief executive of Stelco's U.S.-based parent company says hundreds of southern Ontario steelworkers facing temporary layoffs will be recalled if Canada and the United States reach a trade deal on steel.
Hundreds of metalworkers in southern Ontario at risk of dismissal will be reinstated if Canada and the United States reach a trade agreement on steel, says Thursday's leader of Stelco's US-based parent company.
Cleveland-Cliffs CEO says Stelco workers to be recalled if steel trade deal reached – 105.9 The Region
The chief executive of Stelco’s U.S.-based parent company says hundreds of southern Ontario steelworkers facing temporary layoffs will be recalled if Canada and the United States reach a trade deal on steel. Lourenco Goncalves, chairman and CEO of Ohio-based Cleveland-Cliffs, says the Canadian market is too small to accommodate galvanized steel production from both Stelco and ArcelorMittal Dofasco, along with imports. He says he has spent more t…
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