Recent events
Recent events tied to this brand in public sources.
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2026
Stelco continues Hamilton plant layoffs
Stelco continued laying off hundreds of workers at its Hamilton steel plant, citing pressure from U.S. tariffs. The federal government said the layoffs breached Stelco's binding agreement to maintain jobs.
2026
Stelco layoffs take effect as it indefinitely idles Hamilton Works cold rolled and coated steel operations
Stelco is set to indefinitely idle its cold rolled and coated steel operations at Hamilton Works beginning October 9, 2026, with up to 500 employees across its Hamilton and Lake Erie facilities potentially affected; the United Steelworkers union estimates about 350 Hamilton workers will lose their jobs. Stelco attributes the decision to weak demand, continued imports and the impact of U.S. tariffs on Canadian steel, and says it will shift production toward its Lake Erie Works facility in Nanticoke. The union says available positions at Nanticoke are far fewer than the number of Hamilton workers facing layoffs and has questioned the company's explanation for the cuts. Cleveland Cliffs acquired Stelco in 2024 under conditions that included commitments to maintain employment levels, and Industry Minister Mélanie Joly has warned that Ottawa could take legal action if the company fails to meet those obligations.
2026
Canada's industry minister demands compliance plan from Stelco and Cleveland-Cliffs over job commitments and threatens enforcement
Canada's Industry Minister Melanie Joly said Wednesday that Stelco Holdings and its U.S. parent Cleveland-Cliffs cannot characterize planned layoffs of up to 500 workers as an 'act of God' or force majeure, saying the employment undertakings made when Ottawa approved the 2024 takeover are binding. She said she sent a letter on Monday to Stelco president Paul Simon demanding a plan outlining how Cleveland-Cliffs intends to comply with all undertakings, including maintaining more than 1,500 jobs, and warned that Ottawa will pursue enforcement action if the company does not comply. Ottawa had not yet received a response from Stelco on the letter.
2026
Stelco begins issuing layoff notices as first of up to 500 job cuts set to take effect Sunday
Stelco Holdings Inc., the Hamilton, Ontario steelmaker owned by U.S.-based Cleveland-Cliffs Inc., has started handing out layoff notices at its Hamilton plant as the first stage of plans to cut up to 500 workers across its Hamilton and Lake Erie facilities over about three weeks, citing the ongoing trade crisis, weak demand and continued import pressure. About 90 workers were expected to receive notices this week, with the first layoffs taking effect Sunday; roughly 330 Hamilton workers are affected, with additional cuts expected among co-op workers and Lake Erie Works pickling employees. The company describes the cuts as indefinite layoffs while the union treats them as temporary under its collective agreement. Industry Minister Mélanie Joly has threatened legal action against Cleveland-Cliffs if it fails to provide a plan outlining how it will honour the job commitments made when it acquired Stelco in 2024.
2026
Stelco plans to lay off up to 500 workers amid U.S. tariffs and market pressures
Stelco Holdings, the Hamilton-based steelmaker owned by U.S.-based Cleveland-Cliffs, has a plan to lay off up to 500 workers, which it attributes to U.S. tariffs and market pressures. Canada's industry minister disputes the cuts, saying they conflict with binding employment commitments made when Ottawa approved Cleveland-Cliffs' 2024 takeover of Stelco.
2026
Stelco begins issuing layoff notices as first job cuts set to take effect Oct. 11
Stelco, the Canadian steelmaker owned by Cleveland-Cliffs, began issuing individual layoff notices in Hamilton on Oct. 7, 2026, with about 90 workers expected to receive notices this week; the first layoffs take effect Sunday, Oct. 11, with roughly 330 Hamilton workers expected to be affected over three weeks, plus additional cuts at Lake Erie Works (where 40 to 50 workers could be laid off as early as Oct. 24 as pickling-line operations are reduced) and among co-op workers. The move implements a plan announced the prior week to lay off up to 500 workers across the Hamilton and Lake Erie facilities, citing the ongoing trade crisis, weak demand and continued import pressure. Cleveland-Cliffs CEO Lourenco Goncalves said the layoffs are temporary and that workers will be brought back once a Canada-U.S. steel trade deal is reached.
2026
Canada industry minister demands plan from Cleveland-Cliffs to honour Stelco acquisition commitments
On Monday, Oct. 5, 2026, Canadian Industry Minister Mélanie Joly sent a letter to Stelco president Paul Simon demanding a plan outlining how Cleveland-Cliffs will honour the legally binding commitments it made when it acquired the steelmaker in 2024, including maintaining at least the same number of unionized employees and the vast majority of non-unionized employees for five years. Joly rejected the suggestion that U.S. tariffs and changing market conditions relieve the company of those obligations. Cleveland-Cliffs CEO Lourenco Goncalves called her comments totally unfair and said the company would respond to the letter by Tuesday, Oct. 13, within the five-business-day deadline, preparing two submissions, including a plan to meet its commitments and a detailed document with commercially sensitive information he said would be protected under the Investment Canada Act.
2021
Stelco reports higher second-quarter earnings
Stelco Holdings Inc. reported second-quarter earnings of $363 million, up from nil in the same quarter a year earlier, and revenue of $918 million, compared with $411 million a year earlier. The company attributed the increase to higher steel prices and shipping volumes.