The chief executive of Stelco’s U.S.-based parent company says hundreds of southern Ontario steelworkers facing temporary layoffs will be recalled if Canada and the United States reach a trade deal on steel.
Lourenco Goncalves, chairman and CEO of Ohio-based Cleveland-Cliffs, says the Canadian market is too small to accommodate galvanized steel production from both Stelco and ArcelorMittal Dofasco, along with imports.
He says he has spent more than a year and a half pushing Ottawa for stronger protections against foreign steel imports, arguing that measures adopted so far have helped the hot-rolled steel market but have not gone far enough to protect galvanized steel….