Every Hermes Vector story about Cleveland-Cliffs, newest first. Each one is checked against its sources.
Industry Minister Mélanie Joly warned Cleveland-Cliffs to uphold job commitments at Stelco or face forced sale of Canadian assets, citing violations of the Investment Canada Act.
Cleveland-Cliffs CEO Lourenco Goncalves accused the Canadian government of bullying after Ottawa warned the company over layoffs at its Stelco plant in Hamilton.
Industry Minister Melanie Joly says all options are on the table as Stelco proceeds with layoffs in Hamilton, despite federal warnings that the cuts violate Investment Canada Act commitments.
Stelco has begun laying off workers in Hamilton, rejecting federal accusations of breaching its acquisition agreement. The company cites U.S. tariffs as the cause, while Ottawa threatens legal action.
