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. 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 [...]
Hundreds of southern Ontario steelworkers facing temporary layoffs could be recalled if Canada and the United States reach a trade deal on steel. Lourenco Goncalves, CEO of Cleveland-Cliffs, stated that the Canadian market is insufficient for both Stelco and ArcelorMittal Dofasco’s galvanized steel production, along with imports. Goncalves has advocated for over 18 months for increased protection against foreign steel imports, noting that current measures have aided the hot-rolled steel market but not sufficiently protected galvanized steel.
- Hundreds of southern Ontario steelworkers may be recalled if a Canada-U.S. steel trade deal is reached.
- Cleveland-Cliffs CEO Lourenco Goncalves believes the Canadian market cannot support galvanized steel production from Stelco, ArcelorMittal Dofasco, and imports.
- Goncalves has been pushing for stronger protections against foreign steel imports for over 18 months.
- Existing measures have helped the hot-rolled steel market but not adequately protected galvanized steel.
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