BusinessStelco to Idle Some Steel Operations Due to US Tariffs
Canadian steelmaker Stelco, a unit of Cleveland-Cliffs Inc., plans to indefinitely idle its cold-rolled and coated steel operations at Hamilton Works, Ontario. The decision is due to ongoing US tariffs and trade disruptions severely impacting the Canadian steel industry. Stelco cited an unsustainable market for these products. Shares of Cleveland-Cliffs fell nearly 9.5% following the announcement.
Mint Companies·3h ago·Hamilton


