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Steelmaker Stelco Holdings says it's idling some production at its Hamilton plant in response to U.S. tariffs.
Steelmaker Stelco Holdings says it's idling some production at its Hamilton plant in response to U.S. tariffs. The 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. Stelco Holdings Inc. says 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. In a memo obtained by CBC News on Monday, the company says 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.
"Obviously we got to meet with the company, and find out who's getting laid off, make sure it's done by seniority," he told CBC News on Monday. "Christmas ain't that far away, and we have no idea the duration of these layoffs ... People are concerned. I don't blame them.
""This is an unfortunate but necessary action to help ensure the survival of Stelco in what has become a challenging and unsustainable market for cold-rolled and coated products caused by the ongoing and sustained trade disruptions impacting the Canadian steel industry," Stelco vice-president of sales Frederic Fafard stated in the memo. U.S. President Donald Trump signed an executive order in June applying an up to 50 per cent tariff to certain steel and aluminum imports from Canada.
"Stelco’s market for cold-rolled and galvanized products has contracted significantly, while import penetration for these products remains at heightened levels," Fafard added in the memo. "While the measures taken by the federal government in Canada have served to reduce imports into Canada overall, import volumes remain at levels that prevent Stelco from being able to bridge the gap in the market created by the trade crisis. " Jeff Lagerquist is a senior writer with CBC News based in Toronto.
Originally from Erin, Ont. , he studied journalism at Toronto Metropolitan University. Jeff previously worked as a senior reporter for Yahoo Finance Canada. He was also a reporter and digital producer for CTV National News, BNN Bloomberg and The Financial Post.
He was also a Columbia University energy journalism fellow for 2025. Trump tariffs, affordability crisis and striking workers: What you need to know about Labour Day in Hamilton
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