Joly threatens to force Cleveland-Cliffs asset sale
Ottawa says a court could force the steelmaker to divest Canadian assets as it reviews layoffs tied to its 2024 Stelco deal.
7 Articles
7 Articles
Industry Minister Says Stelco Could Face Fines, Forced Asset Sales Following Layoffs
Minister of Industry Mélanie Joly responds to questions from journalists before a meeting of the Liberal caucus, on Parliament Hill in Ottawa, on Oct. 7, 2026. (The Canadian Press/Justin Tang)
Canada’s Joly Threatens to Force Cleveland-Cliffs Asset Sale
Canada’s industry minister said the government has the power to try to force Cleveland-Cliffs Inc. to sell its assets the country, escalating a dispute over job cuts at the company’s steel operations in Ontario.
Minister Mlanie Joly confirms that Ottawa is reviewing the letter received from Cleveland-Cliffs and remains committed to its commitments.
Canada Minister Threatens to Force Cleveland-Cliffs Asset Sale
Canada’s industry minister said the government has the power to try to force Cleveland-Cliffs Inc. to sell its assets in the country, escalating a dispute over job cuts at the company’s steel operations in Ontario.
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