Cleveland-Cliffs Says Stelco in Full Compliance, Seeks Meeting with Minister
The company says Stelco exceeds required employment levels and asks to discuss restoring 175 temporarily laid-off workers.
- Cleveland-Cliffs Inc. reiterated on Monday it is in "full compliance" with 34 Investment Canada Act undertakings while requesting a meeting with Industry Minister Mélanie Joly to discuss reversing recent temporary layoffs of 175 workers in Hamilton.
- Minister Joly previously accused the company of failing to honor six binding commitments from its 2024 Stelco acquisition, specifically citing employment guarantees and trade policy advocacy as areas of concern.
- Stelco expects unionized employment of at least 1,879, exceeding the 1,766 requirement, while CEO Lourenco Goncalves maintains support for U.S. Section 232 tariffs, which Joly argues breaches the firm's advocacy undertaking.
- Goncalves proposed a sit-down meeting with Joly and Ontario Premier Doug Ford to resolve the Hamilton employment issue, expressing confidence the discussion would outline a path toward success for the Canadian steel industry.
- Facing a 15-day deadline to respond to Joly's latest letter regarding alleged violations, the company awaits determination on whether it will face legal action or forced divestiture of Stelco.
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18 Articles
Cleveland-Cliffs says Stelco in 'full compliance' with commitments to Ottawa, wants to meet with Joly
Stelco’s Ohio-based parent company said in a news release on Tuesday morning that after "an exhaustive review of its compliance with each of its 34 undertakings," it is in "full compliance" with the obligations it made under the Investment Canada Act when it bought Stelco in 2024.
The Toronto Star
Cleveland-Cliffs says Stelco in full compliance, seeks meeting with minister
CLEVELAND - Cleveland-Cliffs Inc. says it's in full compliance with the promises it made as part of an Investment Canada Act review that allowed its purchase of Stelco Inc. in 2024.
The U.S. company Cleveland-Cliffs, the owner of the Stelco steel plant in Hamilton, is in Ottawa despite the threat of federal prosecution.
Financial Post
Business WireCleveland-Cliffs Confirms Full Compliance with Stelco Undertakings
CLEVELAND — Cleveland-Cliffs Inc. (NYSE:CLF) today announced that its wholly-owned subsidiary, Stelco Inc., has delivered a letter to Canada’s Minister of Industry, Mélanie Joly, providing an updated report on Stelco’s compliance with the undertakings made in connection with Cleveland-Cliffs’ acquisition of Stelco under the Investment Canada Act (ICA). Together with its legal counsel, Cliffs performed […]
Steelmaker Cliffs Defends Stelco Cuts, Seeks Meeting With Joly
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