Cleveland-Cliffs CEO says he's prepared to fight Canada in court over Stelco layoffs - CBC
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CanadaThe CEO of the American company that owns Hamilton-based steelmaker Stelco says he's prepared to fight the Canadian government in court over Stelco's plan to lay off hundreds of workers. He also said he's open to selling the company and voiced support for U. S. tariffs on Canadian steel, despite citing tariffs as a reason for the company's economic struggles. Lourenco Goncalves also says he's open to selling the Hamilton-based steelmakerKevin Maimann · CBC News · Posted: Oct 11, 2026 5:13 PM EDT | Last Updated: October 11Listen to this articleEstimated 4 minutesThe audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results. Cleveland-Cliffs CEO Lourenco Goncalves, seen in 2022, says he's prepared to fight the Canadian government to preserve plans to lay off workers at Stelco's Hamilton steel plant. (John Kuntz/The Associated Press)The CEO of the American company that owns Hamilton-based steelmaker Stelco says he's prepared to fight the Canadian government in court to preserve Stelco's plan to lay off hundreds of workers.
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