Stelco Holdings Inc. said on Monday that it plans to idle part of its Hamilton plant in order to “ensure the survival” of the company, as U.S. tariffs squeeze its sales.
Stelco said the decision will impact up to 500 employees.
In a memo obtained by CBC News on Monday, the company said it will indefinitely idle its cold-rolled and coated operations at its Hamilton Works plant, with operations set to begin winding down on Oct. 9.
Juxtapose time: Trump unveils plans for a $15 billion steel mill in Iowa
I believe the mantra … when this happened en masse in the USA … was … “Learn to Code”. Good Luck laid off employees … those jobs have been off-bordered to the USA … never to come back. Welcome to the Canadian “service industry”. That’s what a former Fed Chief scolded the US workers.
350 jobs. 350 families. Perhaps as many as 500 families.
Now add the economic multiplier of those jobs.
At least they can take some consolation that when they go to pay $6.50 for a gallon of milk, they are supporting a Quebec multimillionaire.
https://toronto.citynews.ca/2026/09/28/hamilton-steel-plant-stelco-laying-off-hundreds-of-workers-in-response-to-market-uncertainty/
From the article:
“In the face of continued market uncertainty and prolonged injury to Stelco’s business resulting largely from steel IMPORTS into Canada, we have been forced to make this very difficult decision that will impact as many as 500 Stelco employees,” said a Stelco spokesperson.
Where is steel coming from that doesn’t face tariffs? Could it be…China? So, they can’t compete domestically against Chinese steel but we’re going to compete against those commodities in Europe?
Wait for an announcement from Stellantis regarding Windsor.
(Sorry, posted this on the other topic but repeated here)
I wonder if the US administration will release the final offer that Soviet Canuckistan walked away from prior to the Quebec election.
Didn’t Carney a while back say “Who uses steel?”
Dont worry. Haven’t you seen those reassuring Canada Builds ads on TV? You know, some are hosted by Rick Mercer; others show windmills and solar arrays. I mean, don’t they need a bit of steel?
If only steel was used in the construction of trains, wagons, military vehicles, submarines and ships… You know, all the stuff we are buying lately.