Cleveland-Cliffs CEO Lourenco Goncalves expressed hope that laid-off Stelco workers could return to their jobs before the holiday season. This potential recall hinges on an anticipated increase in Canadian customer purchases of domestic steel. Goncalves stated that if this sales strategy proves successful, he intends to bring back all 175 affected employees. The company previously cited U.S. tariffs and weak demand as reasons for the job cuts. Industry Minister Mélanie Joly is awaiting a concrete plan and timeline from Cleveland-Cliffs before agreeing to meet with the CEO.
Hamilton, Ontario
https://www.bnnbloomberg.ca/business/economics/2026/10/28/laid-off-stelco-workers-could-be-back-on-the-job-before-christmas-owner-says/