Industry Minister Melanie Joly has given Stelco 15 days to make good on its agreements with the Canadian government or face legal action. Joly made the demand in a letter to Stelco’s general counsel on Thursday. In an accompanying statement on X, she wrote that Cleveland-Cliffs, the American company that acquired the steel producer in 2024, made legally binding commitments that were key to allowing the transaction to proceed. “As we stand right now, the business is still taking steps to lay off 500 workers. Despite being given multiple opportunities, Cleveland-Cliffs has repeatedly failed to demonstrate that they are compliant with their undertakings. That is unacceptable.” More details to come…
