Conservative MP Adam Chambers says layoffs at a Hamilton steel plant should raise questions about Canada forging closer economic ties with China, citing concerns about Chinese steel dumping in the Canadian market.
Stelco Holdings Inc. announced on Sept. 28 that it would indefinitely idle finishing operations at its steel plant in Hamilton, Ont., due to “market uncertainty,” a move that could affect as many as 500 employees.
Stelco said the decision was “necessary” to help “ensure the survival” of the company amid what it described as a challenging and unsustainable market caused by ongoing trade disruptions affecting the Canadian steel industry. The company also cited U.S. tariffs and declining demand for its products….