Industry Minister Mélanie Joly says Ottawa is consulting its lawyers about comments by Cleveland-Cliffs Inc. CEO Lourenco Goncalves, who suggested he bought Stelco to protect his American operations from Canadian competition.
Joly said on Oct. 28 that the federal government would examine the potential legal implications of Goncalves’ remarks. The U.S.-based owner of Stelco has nine days remaining to demonstrate how it plans to honour its job commitments at its Ontario steel mills.
“We’re in contact with our lawyers … to see what could be the consequences of such confessions,” she told reporters on Parliament Hill, referring to Goncalves’ comments during a televised interview….